Answer:
$4242
Step-by-step explanation:
Given data
Principal= $14000
TIme = 4 years
Rate= 6.85%
Let us find the final amount A
A=P(1+r)^t
substitute
A=14000(1+0.0685)^4
A=14000(1.0685)^4
A=14000*1.303
A=$18242
Hence the interest is
Interest= Final amount-Principal
=18242-14000
=$4242
