Answer:
B
Step-by-step explanation:
First, converting R percent to r a decimal
r = R/100 = 4.2%/100 = 0.042 per year,
then, solving our equation
I = 16500 × 0.042 × 5 = 3465
I = $ 3,465.00
The simple interest accumulated
on a principal of $ 16,500.00
at a rate of 4.2% per year
for 5 years is $ 3,465.00.
