Answer: $1,135.88
Step-by-step explanation: For this problem we will use the "Simple Interest" equation to find I, interest the money makes. First convert 5.5% to a decimal. 5.5 divided by 100 = 0.055
I = 975 x 0.055 x 3
I, interest = about 160.88
Now, just simply add 160.88 to 975.
$975 + $160.88 = $1,135.88
