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Principal: $300 annual interest rate: 5% time: 4 yr​

Principal: $300 annual interest rate: 5% time: 4 yr​
asked 92.2k views
20 votes
Principal: $300 annual interest rate: 5% time: 4 yr​

asked
User Modasser
by
9.7k points

1 Answer

9 votes

Answer:

$364.65

Explanation:

5% = 0.05 per year

300(1+0.05/1)(1) (4)

= 364.65

answered
User DanielCuadra
by
7.9k points
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