Answer:
b
Step-by-step explanation:
First, converting R percent to r a decimal
r = R/100 = 6.5%/100 = 0.065 per year,
then, solving our equation
I = 95000 × 0.065 × 20 = 123500
I = $ 123,500.00
The simple interest accumulated
on a principal of $ 95,000.00
at a rate of 6.5% per year
for 20 years is $ 123,500.00.
