Answer
The compound amount is 4108.32 dollars.
The interest is 508.32 dollars.
Work Step by Step
Using the 4.5% column of the compound interest table, the compound amount for 3 years is found to be 1.1412. Multiply this amount times the principal to calculate the amount at the end of 3 years..
$1.1412×3600=4108.32$ dollars
The interest is the difference between the compound amount and the principal.
$4108.32-3600=508.32$ dollars
