Answer:
$7500
Step-by-step explanation:
We have been given the formula to use but we will have to be able to recognize what each of the letters in the formula represent
A=P(1+r)t
A stands for the interest
P stands for principal
r stands for the rate
t stands for the time
So from the question we can deduce that we are to find the value A
P=$300
r=4%
t=5years
A=?
A=300(1+4)5
Using the BODMAS principle by solving the bracket first
A=300(5)5
A=300(25)
A=7500
Therefore the interest is $7500
