Sam borrows $5700 at 4.5% simple interest for 3 years. Find the interest

The interest is

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

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