$4,300 In A Savings Account, The Money Earns 4.6% Interest Each Yr. How Much In The Account At The End Of One Year?


Answer:
Initial amount deposited = $4,300
Interest = 4.6%
Amount of interest accrued = 0.046 × 4300
                                             = $ 197.8
Amount at the end of the year = $ 197.8 + $4,300
                                                  = $ 4497.8

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