Answer:
The simple interest is Rs.427.5.
Explanation:
Given : 
- Principle (P) = Rs.9500
- Rate (R) = 1.5%
- Time (T) = 3 years
To Find : 
Using Formula : 

- S.I = Simple Interest 
- P = Principle 
- R = Rate 
- T = Time 
Solution : 
Substituting the values in the formula to find Simple Interest :










Hence, the simple interest is Rs.427.5.
