Answer:
Simple interest=90
Compound interest=96.98
Step-by-step explanation:
Simple interest=p×r×t
Simple interest=450×0.05×4=90
Compound interest=future value-principal
Future value=principal (1+r)^t
Future value=450×(1+0.05)^(4)=546.98
Compound interest=546.98-450=96.98
