Answer
306.25 dollars
Work Step by Step
I=PRT
Let P=875 dollars , R=7% ,T = 5years
I=875 $\times$7% $\times$ 5
Write 7% as a decimal
I = 875 $\times$0.07 $\times$ 5
Multiply
I=306.25
The simple interest is 306.25 dollars.