The quotient of 3489 divided by 6 is 581.
<h3>
Answer: $7,853.16</h3>
Work Shown:
A = P*(1+r/n)^(n*t)
A = 4750*(1+0.10/2)^(2*10)
A = 12,603.164099436
A = 12,603.16
That represents the account balance after 10 years. To find the interest only, subtract off the deposit amount.
interest = A-P = 12,603.16 - 4,750 = 7,853.16
Reduce each ratio to its minimum expression to find if they are equal.
35:28

10:8

Since both ratios reduce to 5:4, they are equivalent.
Another way to check a:b is equivalent to c:d, is that a*d = b*c
In this case, this will be true if 35 times 8 is equal to 10 times 28:

Since both products are equal, then the ratios are equivalent.