Answer:
A
Step-by-step explanation:
We are asked to find the amount of interest earned on $16,500 than $15,000 with APYs of 4.1% for a year.
We will use simple interest formula to solve our given problem.
<u>I= prt</u>
i= amount of interest
p=principal amount
r= interest rate in decimal form
t= time in years
4.1%= 41/100= 0.041
$16,500 times 0.041 - $15,000 times 0.041
(16,500- 15,000) times 0.041
(1,500) times 0.041
So the answer is $61.50
I hope this is right, have a nice day.
