Answer:
309.12
Step-by-step explanation:
A = total amount
P = principal
r = interest rate
n = number of times interest is compounded
t = time (in years
A = P(1 + [tex]\frac{r}{n}[/tex])^nt
A = 300(1 + [tex]\frac{.03}{12}[/tex])^12 · 1
A = 300(1.0304)
A = 309.12
