Answer:
$6909.50
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 = 6500 × 0.042 × 1.5 = 409.5
I = $ 409.50
The simple interest accumulated
on a principal of $ 6,500.00
at a rate of 4.2% per year
for 1.5 years is $ 409.50.
