Answer:
$101.25
Explanation:
Simple interest= principal x simple interest rate x no. of year deposited
In this case,
principal= $450
simple interest rate= 3.75%
no. of year deposited= 6
So, we can pug in the above information to get the answer.
Simple interest = $450 x 3.75% x 6= $101.25
It is the answer! Hope it can help you :)
Reminder: 1. Don't forget to add the dollar sign($)
2. When calculating the interest rate, don't miss out the % sign or the answer will be wrong!
