Find the simple interest. Round your answer to the nearest cent.

Principal = $900
Rate = 4%
Time in years = 3

George, Tiffany, or Janet -- or whatever your name is -- how do you think this problem should be solved? We'll be glad to check your answer.

Simple interest investment made for a period of 4years to R7800 with an initial investment of R4000 for this investment

To find the simple interest, you can use the formula:

Simple Interest = Principal x Rate x Time

First, convert the Rate to a decimal by dividing it by 100:

Rate = 4% / 100 = 0.04

Next, plug in the values into the formula:

Simple Interest = $900 x 0.04 x 3

Multiply the values:

Simple Interest = $108

So, the simple interest is $108.