1. What is the simple interest on $2500 invested at an interest rate of 6%
for 2 years?

Step-by-step explanation:

The formula for simple interest is:

where P is the principal amount of money, R is the interest rate as a decimal, T is the time.

We know the principal amount is $2500, the interest rate is 6%, and the time is 2 years.

We must convert the interest rate to a decimal.

Now we know all the values.

Substitute the values into the simple interest formula.

Multiply.

The simple interest is $300.00

the answer is b i just did that

step-by-step explanation: