According to the table, if the interest rate on this account is 10 percent, how much money will you have in the account at the end of the fourth year?
a. $161.05
b. $146.41
c. $133.10
d. $120.00

B. $146.41

Step-by-step explanation:

From the given table, in the 4th year, the principal is $133.10.

The interest rate is 10%

Amount of the interest earned for the amount $133.10

=  where p is the principal, r is the interest rate and n is the number years.

Here n =1, p = 133.10, r = 10

Now we have to plug in the given values in the above formula, we get

=

= 1331/100

Interest earned in the 4th year = $13.31

The amount at the end of the fourth year = principal + interest

= $133.10 + $13.31

The amount at the end of the fourth year  = $146.41

answer:

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