The interest based on the information given is $2564.
<h3>How to calculate the interest?</h3>
From the information given, the following can be deduced:
Principal = $36900
Time = 178 days
Rate = 14.25%
The simple interest will be:
= (PRT)/100
= (36900 × 14.25 × 178/365)/100
= $2564
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