Using the simple knterest formula I = Prt, compute the amount of interest earned for $1728.00 at 7 2/5% for 4 3/4 years.

2 3 Using the simple interest formula 1= Prt, compute the amount of interest eamed for $1728.00 at 7% for 4 years. 4 The interest earned is $ (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)