Answer:
$153.34
Step-by-step explanation:
Use formula:
[tex]I=P\cdot r\cdot t,[/tex]
where I = Interest
P = Principal
r = rate
t = time
In your case,
P = $1,870
r = 0.0205 (or 2.05% as decimal)
t = 4
I = unknown
Hence,
[tex]I=1,870\cdot 0.0205\cdot 4\\ \\I=153.34[/tex]
