Question 9445
     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