We are provided with the following;
[tex]\begin{gathered} \text{Principal,p=\$2,000,000} \\ \text{Rate,}r=9.25\text{\%} \\ \text{Time,t}=9\text{months}=\text{ (}\frac{9}{12})\text{years} \\ \text{Time}=0.75\text{years} \\ \text{Interest}=\text{?} \end{gathered}[/tex]The simple interest formula is given as:
[tex]\begin{gathered} I=\frac{\text{prt}}{100} \\ I=\frac{2,000,000\times9.25\times0.75}{100} \\ I=\frac{13,875,000}{100} \\ I=\text{ \$138,750} \end{gathered}[/tex]Hence, the interest is $138,750
