Answer:
I = $ 78.00
Step-by-step explanation:
First, converting R percent to r a decimal
r = R/100 = 2%/100 = 0.02 per year,
then, solving our equation
I = 650 × 0.02 × 6 = 78
I = $ 78.00
The simple interest accumulated
on a principal of $ 650.00
at a rate of 2% per year
for 6 years is $ 78.00.
