Respuesta :

coolguycal

Answer:

The simple interest is $300.

Step-by-step explanation:

Find the Interest amount.

I: Interest ?

P: Principle Amount $2500

R: Rate 6% = .06

T: Time Period (in years) 2 Years

Convert into equation to find Simple Interest

I = Prt

I = (2500)(.06)(2)

Calculate

I = 300
2500 x 0.06 x 2
= 300
The simplest interest is $300

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