Answer: $2,880.80
Step-by-step explanation:
To find the balance in Mr. Rose's account after 4 years with simple interest, we use the formula:
\[ \text{Simple Interest} = \text{Principal} \times \text{Rate} \times \text{Time} \]
Where:
- Principal (P) = $2,225
- Rate (R) = 7.35% or 0.0735 (in decimal)
- Time (T) = 4 years
\[ \text{Simple Interest} = 2225 \times 0.0735 \times 4 \]
\[ \text{Simple Interest} = 655.8 \]
Now, to find the total balance:
\[ \text{Total Balance} = \text{Principal} + \text{Simple Interest} \]
\[ \text{Total Balance} = 2225 + 655.8 \]
\[ \text{Total Balance} = 2880.8 \]
So, the balance in Mr. Rose's account at the end of 4 years is $2,880.80.