SOLUTION: Math Question: Simple Intrest = Amount of deposit x Interest rate(decimal) x time (years). What is the simple interest earned? deposit $2000 6.5 Interest 1.5 yrs

Question 9445: Math Question: Simple Intrest = Amount of deposit x Interest rate(decimal) x time (years). What is the simple interest earned?
deposit $2000
6.5 Interest
1.5 yrs
Answer by DWL(56) (Show Source): You can put this solution on YOUR website!
P is the principal amount, $2000.00.
r is the interest rate, 6.5% per year, or in decimal form, 6.5/100=0.065.
t is the time involved, 1.5....year(s) time periods.
So, t is 1.5....year time periods.
To find the simple interest, we multiply 2000 � 0.065 � 1.5 to get that:
The interest is: $195.00
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