Answer:
$1755
Explanation:
Use the formula for amount after simple interest.
A = P(1 + rt)
"A" means amount after the time period.
"P" means principal, or starting money.
"r" means the interest rate in decimal form.
"t" means time, usually the number of years.
Get information from the problem.
P = 1500
r = 4.25% = 0.0425
t = 4 years
A = ? we are finding amount.
Use the formula
A = P(1 + rt) Substitute the values we know
A = 1500(1 + (0.0425)(4)) Simplify inside brackets first, follow BEDMAS
A = 1500(1 + 0.17) Add
A = 1500*1.17 Multiply
A = 1755 Final Answer
Therefore the investment will be worth $1755 after 4 years.