Answer:
Step-by-step explanation:
HI there!
From the question;
Principal (p) = 300
Annual rate (r) = 3%
Time (t) = 4 yrs
Now;
Interest (I) = [tex]\frac{p*t*r}{100}[/tex]
I = [tex]\frac{300*4*3}{100}[/tex]
I = [tex]\frac{3600}{100}[/tex]
Therefore the interest earned is 36.
Again;
New balance (A) = principal + interest
= 300+36
Therefore, the new balance is 336.
Hope it helps!
