Answer:
4277.6
Step-by-step explanation:
Hello, I can help you with this
Step one
find the profit using a simple rule of three
if
4000 ⇔ 100%
then, how much(x) is 6.94?
x ⇔ 6.94%
the relation is
[tex]\frac{4000}{100}=\frac{x}{6.94}\\ solve\ for\ x\\\\x=\frac{4000*6.94}{100}\\x=277.6\\[/tex]
the profit is 277.6
hence, her balance after one year is the initial amount plus interest earned
balance= 4000+277.6
balance= 4277.6
I hope it helps, Have a great day
