Answer:

Step-by-step explanation:
we know that
The simple interest formula is equal to

where
I is the Interest Value
P is the Principal amount of money to be invested
r is the rate of interest  
t is Number of Time Periods
in this problem we have

substitute in the formula above


 
        
             
        
        
        
Hope this helps, comment if you have any questions:)))
        
                    
             
        
        
        
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