Amount of Interest (I) = P * R * T /100
I = 1675 * 4.6 * 4 /100
I = 308.20
Balance = Initial amount + Interest amount
B = 1675 + 308.20 = 1983.20
In short, Your Answer would be $1983.20
Hope this helps!
It's an increasing nonlinear. Exponential functions are graphed in basically any shape besides a line. This is an exponential function, therefore it is classified as nonlinear. By looking at the slope, from left to right, we can see that it is increasing, thus providing an answer that this is an increasing nonlinear function.
