Answer:
$ 797.30
Step-by-step explanation:
Given in question
Principal =$4,556
Rate of interest = 2.5%
Time period = 7 years
Now we calculate the interest as Simple interest (SI) method
SI = [tex]\frac{(principal * Rate * Time)}{100}[/tex]
SI = [tex]\frac{(4,556 * 2.5 * 7)}{100}[/tex]
SI = [tex]\frac{79730}{100}[/tex]
So , SI = $ 797.30 Answer
