Answer:
$224
Step-by-step explanation:
We have been Sarah invests $4,000 in a money market account she receives 1.4% simple interest annually. We are asked to find the amount of interest Sarah will get after 4 years.
We will use simple interest formula to solve our given problem.
, where,
I = Amount of interest after t years,
P = Principal amount,
r = Annual interest rate in decimal form,
t = Time in years.
First of all, we will convert our given interest rate in decimal form:

Upon substituting our given values in simple interest formula, we will get:


Therefore, Sarah will get an amount of $224 in interest after 4 years.