Answer:
I = $4204.8
Step-by-step explanation:
Given that,
Principal, P = $43,800
Interest rate = 4.8%
Rate = 2 years
We need to find the interest that is paid back. We know that, simple interest is given by :
[tex]I=\dfrac{PRT}{100}[/tex]
Put all the values,
[tex]I=\dfrac{43800\times 4.8\times 2}{100}\\\\=\$4204.8[/tex]
So, the required interest is equal to $4204.8
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