Answer :
Answer:
CI = $182.25
Step-by-step explanation:
Compound interest formula:
[tex]Compound \space\ Interest= P(1 + \frac{r}{100})^{n} - P[/tex] ,
where P is the principal amount ($4000), r is the interest rate (2%), and n is the time period (2 years and 3 months = 2.25 years).
Using formula:
CI = [tex]4000(1 + \frac{2}{100} )^{2.25} - 4000[/tex]
CI = $182.25