Answer:The interest is: $163.80
Step-by-step explanation: P is the principal amount, $630.00.
r is the interest rate, 6.5% per year, or in decimal form, 6.5/100=0.065.
t is the time involved, 4....year(s) time periods.
So, t is 4....year time periods.
To find the simple interest, we multiply 630 × 0.065 × 4 to get that:
The interest is: $163.80
