Question

$1500, 4.25%, 4 years

Answer 1

The question is incomplete, here is the complete question:

Find the simple interest to the nearest cent for each principal, interest rate and time!

$1500, 4.25%, 4 years

Answer:

$225

Step-by-step explanation:

We can easily solve this using the simple interest formula;

Simple Interest = P×R×T  /  100

WHERE

P is the principal

R is the rate

T is the time (given in years)

In this question, the principal(p) given is $1500

The rate given is 4.25% and the time given is 4

We can now substitute into our equation, hence;

Simple Interest = P ×R × T  /  100

                           =$1500×4.25×4    /    100

                             =$25500/100

                               =$255

Therefore the simple interest is $255

Answer 2

We know, Interest value = P * R * T /100
Here, P = 1500
R = 4.25
T = 4 

Substitute their values, 
I = 1500 * 5.25 * 4 / 100
I = 31500 / 100
I = 315

In short, Your Final Answer would be $315

Hope this helps!