Answer:
1125 for the interest amount , 3625 for the total account balance
Step-by-step explanation:
<h2><u>calculating the amount of interest after 30 years and the balance after 30 years</u></h2>
<u />
the formula of the simple interest :

where:
P is the principle
R is the rate of interest
T is the number of years
<h3><u>Interest amount after 30 years</u></h3>
input the values in the formula to get the amount of interest
= (2500 *1.5*30)/100
=$1125
<em>amount of interest after 30 years is</em> <u>$1125 </u>
<u></u>
<h3><u>Account balance after 30 years </u></h3>
add the amount of interest after 30 years to the original principle amount
= 1125 + 2500
=$3625
<em>account balance after 30 years is</em> <u>$3625</u>