Answer:
$445
Step-by-step explanation:
First, converting R percent to r a decimal
r = R/100 = 4.5%/100 = 0.045 per year,
then, solving our equation
I = 400 × 0.045 × 2.5 = 45
I = $ 45.00
The simple interest accumulated
on a principal of $ 400.00
at a rate of 4.5% per year
for 2.5 years is $ 45.00.
