Question

HELPPPP!!! please answer the question in the picture below

Answer 1

• 
  `\rightarrow` $1,590.4

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Solution:

`\rightarrow`Formula: Amount = P x (1 + R x T)

`\rightarrow` = 1,400 x (1 + 3.4% x 4)

`\rightarrow` = 1, 400 x (1 + 0.034 x 4)

`\rightarrow` = 1,400 x (1 + 0.136)

`\rightarrow` = 1,400 x 1.136

`\rightarrow` = 1,590.4