Answer:
$808.76
Explanation:
You want the simple interest earned on $1975 at the rate of 9.1% per year for 4.5 years.
Interest
The amount of simple interest is given by the formula ...
I = Prt
where principal P is invested at rate r for t years.
Application
Using the given values, the amount of interest earned is ...
I = $1975·0.091·4.5 = 808.7625 ≈ $808.76
The amount of simple interest is $808.76.
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