$ 142.5
Explanation
to solve this we can use the formula:
[tex]i=\text{Prt}[/tex]where i is the interest, P is the principal, r is the rate ( in decimals) and t is the time
then
Step 1
Let
[tex]\begin{gathered} i=i \\ P=950 \\ r=3\text{ \% =0.03} \\ \text{Time= 5 years} \end{gathered}[/tex]replace in the formula
[tex]\begin{gathered} i=950\cdot0.03\cdot5 \\ i=142.5 \end{gathered}[/tex]hence, the answer is
$ 142.5
I hope this helps you
