$1675 at 4.6% for 4 years whats the interest earned and balance amount

If simple interest is paid:
Interest=Pit = 1675*0.046*4=308.20

If compounded annually
Interest=P[(1+i)^t-1]=1675*(1.046^4-1)=330.13

If compounded monthly
Interest=P[(1+i/12)^(t*12)-1]=1675*((1+0.046/12)^(4*12)-1)=337.67

Please be sure to specify the type of interest and compounding period if it is compound interest.

The great thing about this problem is they give you everything you need to solve it easily. so the expression is: 12h+30w12h+30wand so everywhere you have an “h” you place 66. and everywhere you have a “w” you place 33. then the expression will look like this: 12(66)+30(33)12(66)+30(33)from here you multiply and then add. getting the following of: $785,862hope this