Answer:
B. $146.41
Step-by-step explanation:
From the given table, in the 4th year, the principal is $133.10.
The interest rate is 10%
Amount of the interest earned for the amount $133.10
= [tex]\frac{pnr}{100}[/tex] where p is the principal, r is the interest rate and n is the number years.
Here n =1, p = 133.10, r = 10
Now we have to plug in the given values in the above formula, we get
= [tex]\frac{133.10*1*10}{100}[/tex]
= 1331/100
Interest earned in the 4th year = $13.31
The amount at the end of the fourth year = principal + interest
= $133.10 + $13.31
The amount at the end of the fourth year = $146.41
