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