Need help with geometry problem
1 answer:
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Answer:
The interest is
<h2>$ 769.50</h2>Step-by-step explanation:
Simple interest is given by
where
P is the principal
R is the rate
T is the time given
From the question
The principal / P = $ 5700
The rate / R = 4.5%
The time given / T = 3 years
So the interest is
We have the final answer as
I = $ 769.50
Hope this helps you