Answer: $310.31
Step-by-step explanation:
Invested amount (P) = $302
Interest rate (r) = 3.3% per year
Period = 10 months
Recall, simple interest formula :
A = P(1 + rt) where ; A = final amount
Interest = 3.3% = 3.3/ 100 = 0.033
A = $302 ( 1 + 0.033(10/12))
A = $302 (1 + 0.033(0.8333333))
A = $302 ( 1 + 0.0275)
A = $302 ( 1. 0275)
A = $310.305
A = $310.31
