Final answer:
Amanda receives £78 as interest after 1 year.
Step-by-step explanation:
To calculate the interest Amanda receives after 1 year, we first need to calculate the interest amount using the formula: interest = principal x rate.
Given that Amanda invests £1950 and the interest rate is 4%, we can substitute these values into the formula: interest = £1950 x 0.04 = £78.
Therefore, Amanda receives £78 as interest after 1 year.