Question

Principal: 300

Answer 1

Answer:

Step-by-step explanation:

HI there!

From the question;

Principal (p) = 300

Annual rate (r) = 3%

Time (t) = 4 yrs

Now;

Interest (I) = $\frac{p*t*r}{100}$

             I = $\frac{300*4*3}{100}$

             I = $\frac{3600}{100}$

Therefore the interest earned is 36.

Again;

New balance (A) = principal + interest

                            = 300+36

Therefore, the new balance is 336.

Hope it helps!