You need multiply 16 and 60
16x60=960
so 16 times 60 is 960
<h3>
Answer: Choice (a) $1,653.66</h3>
=====================================================
Work Shown:
Use the compound interest formula
A = P*(1+r/n)^(n*t)
A = 10000(1+0.039/1)^(1*4)
A = 11,653.65589441
A = 11,653.66
That's the amount of money Tammy will have at the end of 4 years.
Subtract off the principal from this value to get the interest.
interest = A - P
interest = 11,653.66 - 10,000
interest = 1,653.66