Respuesta :

Aliwohaish12
Hi there
The formula is
I=prt
P principle 14300
R interest rate 7+1/2=7.5%
T time 4 years
I=14,300×0.075×4
I=4,290

Hope it helps
SociometricStar

Answer:

Value of I is $4290

Step-by-step explanation:

We have been given that,

[tex]P=\$14300\\r=7\frac{1}{2}=\frac{15}{2}\%=0.075\\t=4[/tex]

Formula for simple interest is given by

[tex]I=Prt[/tex]

Plugging the known values

[tex]I=14300\cdot0.075\cdot4[/tex]

On simplifying, we get

[tex]I=\$4290[/tex]

Hence, value of I is $4290

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