Answer:
=$1920
Step-by-step explanation:
1. simple interest = (principle × rate × time) ÷ 100
principal: amount of money borrowed
rate: percentage at which you are to pay
time: timeframe in which u ought to repay
calculate what is in the brackets first
2. plug in the values
($1500×7×4)÷100 = $420
*calculate what is in the brackets first*
3. add the amount received when finished caluculating[in this case $420] to the original principal
4. $1500+$420=1$920
