Question 152590
{{{I=PRT}}} Start with the simple interest formula.



{{{I=80(0.02)(1.5)}}} Plug in {{{P=80}}}, {{{R=0.02}}} (note: 0.02=2%) and t=1.5



{{{I=2.4}}} Multiply


So you'll earn $2.40 in interest after 1.5 years