Answer:
$1,600
Step-by-step explanation:
To find out how much of the final balance will come from the interest earned, you have to determine the total value of the deposits made and subtract this from the balance the account will have after 5 years.
amount deposited each month: $175
months: 12*5= 60
Total amount deposited: $175*60= $10,500
Interests: $12,100-$10,500= $1,600
According to this, the amount of the final balance that will come from the interest earned is $1,600.
