Answer:
$365.00
Step-by-step explanation:
P= 300
r= 4/100
t=5
Hence, A= P(1+r)^t
A = 300(1+0.04)^5
A= 300(1.04)^5
A= $364.99587..
Rounded answer would be $365.00
Hope this helps!
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Answer
A= P(1 + r)^t
Principal= $300
rate= 4%
time= 5year
A= 300(1 + 4)^5
= 300 + 20
= $320
