Answer:
I = 8,133.70
Step-by-step explanation:
The formula for calculating simple interest is given as :
I = Prt
P = 9414
r = 0.0240
t = 36
to find I , all we need do is to substitute the given value into the formula , that is :
[tex]I = 9414(0.0240)(36)[/tex]
I = 8133.696
I = 8,133.70
