racoonychu
contestada

Principal: 300
Annual Rate: 3%
Time: 4 Years
Interest Earned: ?????
New Balance: ?????

!!!!!SOMEONE PLEASE HELP ME FIGURE OUT INTEREST EARNED AND NEW BALANCE!!!!

Respuesta :

Sueraiuka

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!

Otras preguntas