Answer:
The amount of interest paid is $22,500
Step-by-step explanation:
Firstly, we need the number of $1 in $450,000
That would simply be $450,000/$1 = 450,000
5 cents is same as 5/100 = $0.05
so we have to multiply 450,000 by 0.05
we have this as;
450,000 * $0.05 = $22,500
