Answer:
$4100
Step-by-step explanation:
To find the total amount of money, the formula is: principle money × interest rate + 100% × amount of time.
Total amount of money = 1000.00 × [tex]\frac{100+2.5}{100}[/tex] × 4
= 1000.00 × [tex]\frac{102.5}{100}[/tex] × 4
= $4100
If you want to find the interest earned, just deduct the principle amount from the total.
