A. First, divide 1675 by 100 to find 1% of it. 1675 / 100 = 16.75 Then, multiply 16.75 by 4.6 to get 4.6%. 16.75 x 4.6 = 77.05 77.05 is the interest for one year. Multiply it by 4 to get the interest for 4 years. 77.05 x 4 = 308.20 The interest earned is $308.20.
B. Add the interest to the original balance to get the total. 308.20 + 1675 = 1983.20 The balance of the account is $1983.20 after 4 years.
