Question 329985
You put $4,750 into a bank paying 1.4% simple interest per year.  Suppose you don't take anything out of the account.  How much do you have after two years? 
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M = P( 1 + i )^n
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M is the final amount including the principal
P is the principal amount
i is the rate of interest per year
n is the number of years invested
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In your case:
P is 4750
i is .014
n i2 2
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Plugging in our values into:
M = P( 1 + i )^n
M = 4750(1 + .014 )^2
M = 4750(1.014)^2
M = 4750(1.028196)
M = $4883.93