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!
Answer is in the photo. I can't attach it here, but I uploaded it to a file hosting. link below! Good Luck!
tinyurl.com/wpazsebu
The denominator tells you the total amount of pieces.
