Answer:
The interest is
$ 769.50
Step-by-step explanation:
Simple interest is given by
[tex]I = \frac{P \times R \times T}{100} [/tex]
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
[tex]I = \frac{5700 \times 4.5 \times 3}{100} [/tex]
[tex]I = \frac{76950}{100} [/tex]
We have the final answer as
I = $ 769.50
Hope this helps you
