Step-by-step explanation:
1. simple interest
I= p × r × t
I = 1050 × 4.5 × 2
I = $9450
2. principal
p = I/(rt)
p= 22.50/ (3× 3)
p = 22.50/9
p = $2.5
3. simple interest
I= p × r × t
I = 500 × 5 × 3
I = $7500
4. time
first convert r to decimal
r= r/100, r= 3.5 / 100
r= 0.035
t = i/(pr)
t = 43.75/ (2500× 0.035)
t = 43.75/ 87.5
t = 0.5 year or 6 months
