Respuesta :

The answer is $19.50 if the problem is based on the problem 6.5% interest on $300
ricchad

Answer:

annual simple interest is 19.5

Step-by-step explanation:

simple interest I = P r T

where

I = simple interest

P = Principal = 300

r = rate = 6.5%

t = time = 1 year

plugin values into the formula:

I = 300 (0.065) 1

I =  19.5

therefore, the annual simple interest is 19.5