Answer:
principle amount=$4500
interest=8%
now
a) interest amount= 8/100*4500
[tex] \frac{8}{100} \times 4500 \\ = 360[/tex]
hence interest amount is $360
b) total amount (with interest)=$4500+ interest =$4500 +$360=$4860
hence the bank pays $4860 in total
