Answer:
1,118.00
Step-by-step explanation:
Calculation:
First, converting R percent to r a decimal
r = R/100 = 4.3%/100 = 0.043 per year,
then, solving our equation
I = 6500 × 0.043 × 4 = 1118
I = $ 1,118.00
The simple interest accumulated
on a principal of $ 6,500.00
at a rate of 4.3% per year
for 4 years is $ 1,118.00.
