Answer:
3796.65
Step-by-step explanation:
I = $ 3,106.35
Equation:
I = Prt
Calculation:
First, converting R percent to r a decimal
r = R/100 = 3.9%/100 = 0.039 per year,
then, solving our equation
I = 17700 × 0.039 × 4.5 = 3106.35
I = $ 3,106.35
The simple interest accumulated
on a principal of $ 17,700.00
at a rate of 3.9% per year
for 4.5 years is $ 3,106.35.
$ 6,903.00 - 3,106.35 = 3796.65
