Answer:
$3984.83.
Explanation:
[tex]Simple\: Interest=\frac{Principal\times Rate\times Time}{100}[/tex]In this particular case:
• The principal/loan amount = $33,486.
,• Rate = 2.38%.
,• Time = 5 years.
Substituting these into the formula above:
[tex]\begin{gathered} Simple\: Interest=\frac{33,486\times2.38\times5}{100} \\ =\$3984.83 \end{gathered}[/tex]Jayden's simple interest is $3984.83.
