Ok so what we need to find is 3 years of the simple interest so let’s get to it!
Ok so we found the principal price which is 250.00
And our rate is going to be 2.85%
A=P(1+rt)
Therefore the answer is going to be A=$271.38, therefore from the simple interest on a principal of $250.00 at a rate of 2.85% per year for 3 years is $271.38.
