Answer: A = 1350.61
Step-by-step explanation:
Using the formula for calculating amount, which is given as
A = P [tex](1 + r)^{n}[/tex]
A = amount
P = Principal
r = rate
n = number of years
substituting the values given into the formula , we have
A = 1200 ([tex](1 + 0.03)^{4}[/tex]
A = 1200 ([tex](1.03)^{4}[/tex]
A = 1350.61
Therefore , the amount after four years is 1350.61
