Data:
P (Principal) = $1500
I (Simple Interest) = ?
t (time) = 5 years
r (percentage rate) = 4% = 0.04
Formula:

Solving (1) <span>Find the interest earned.</span>



Solution (2) <span>Find the balance of the account.
</span>The future value, (Account), of a loan is given by the equation: A = P + I


Answer:
c.
Step-by-step explanation:
You could solve this mathematically but i mean you could use your eyes.... Its most likely C
;)