Answer:
Interest = $30
Step-by-step explanation:
Formula:
I = prt or I = p · r · t
So:
I = p r t
I = ($500)(.06)(1) <--- Just multiply all of these numbers and you get the final answer of:
Interest = $30.00 or just $30
I’m pretty sure this is how you do these kinds of questions, but I may be entirely wrong, so don’t 100% trust me on this one
Three plus three equals six :)