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The question seems to be about calculating simple interest based on the given information:

- Principal (P): $48,000
- Time (T): 3 years
- Interest Rate (R): 2.75%

To calculate the simple interest, we use the formula:

\[
\text{Simple Interest (SI)} = \frac{P \times R \times T}{100}
\]

Substituting the given values:

\[
SI = \frac{48,000 \times 2.75 \times 3}{100}
\]

\[
SI = \frac{396,000}{100} = 3,960
\]

So, the simple interest is **$3,960**.

If you want to know the total amount (Principal + Interest):

\[
\text{Total Amount} = P + SI = 48,000 + 3,960 = 51,960
\]

Would you like more details, or do you have any questions about this? 

Here are five related questions to expand on this topic:
1. What is the formula for compound interest, and how does it differ from simple interest?
2. If the interest rate were compounded annually instead of being simple, how would the result change?
3. How would the interest change if the time period increased to 5 years?
4. What if the principal amount were increased to $60,000? How would that affect the interest?
5. How does the frequency of compounding (e.g., monthly, quarterly) impact the total amount of interest earned?

**Tip**: Simple interest is typically used for short-term loans or investments, while compound interest provides more growth over long periods.

Discover how to calculate simple interest for a $48,000 principal over 3 years at a 2.75% annual interest rate. The problem explores financial mathematics concepts and demonstrates how to use the simple interest formula. Suitable for students in Grades 8-10.

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