4. Elena's father put $$ \$ 460 $$ into a savings account for her. The account pays $$ 2.5 \% $$ simple interest each year. If he neither adds nor withdraws money from the account, hoy much interest will the account earn after 4 years? Round to the nearest cent. (Example

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The account will earn $46 in interest after 4 years. To find the total interest earned after 4 years, we can use the formula for simple interest: $$ \text{Total Interest} = \text{Principal} \times \text{Interest Rate} \times \text{Time} $$ Given: - Principal ($$ P $$) = \$460 - Interest Rate ($$ r $$) = 2.5% = 0.025 (in decimal form) - Time ($$ t $$) = 4 years Substitute the values into the formula and calculate the total interest earned after 4 years. Calculate the value by following steps: - step0: Calculate: $$460\times 0.025\times 4$$ - step1: Multiply the terms: $$11.5\times 4$$ - step2: Multiply the numbers: $$46$$ The account will earn $46 in interest after 4 years. Therefore, the total interest earned after 4 years is $46.

4. Elena's father put \( \$ 460 \) into a savings account for her. The account pays \( 2.5 \% \) simple interest each year. If he neither adds nor withdraws money from the account, hoy much interest will the account earn after 4 years? Round to the nearest cent. (Example

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4. Elena's father put \( \$ 460 \) into a savings account for her. The account pays \( 2.5 \% \) simple interest each year. If he neither adds nor withdraws money from the account, hoy much interest will the account earn after 4 years? Round to the nearest cent. (Example

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