Question

Please help!

Answer 1

Answer:

4425.7

Step-by-step explanation:

Answer 2

Answer:

He will have  $4425.69 in 4 years

Step-by-step explanation:

Notice that the principal p = $4253

The interest (1%) in mathematical terms is given by: 0.01

the time t = 4 years

therefore the formula for these values becomes:

$B=p(1+r)^t\\B=4253\,(1+0.01)^4\\B=4253\,(1.01)^4\\B=4425.68885$

Which rounded to the decimal place gives:

$4425.69