Answer:
A = $ 2,282.37
Step-by-step explanation:
A = P(1 + r/n)^nt
Where
A = Total Amount after t years
P = Principal = $1530
r = Interest rate = 10% = 0.1
t = 4 years
n = compounding frequency = daily = 365 days
Hence,
A = $1530(1 + 0.1/365) ^365 × 4
A = $ 2,282.37
Therefore, the total amount in the compound interest account = $ 2,282.37
