Respuesta :

rococo908

Answer:

$112.95

Step-by-step explanation:

Use the simple interest formula, I = prt

Plug in the initial amount, interest rate, and number of years

I = prt

I = (1506)(0.025)(3)

I = 112.95

So, the interest created in 3 years is $112.95
I = PRT ; P=$1506 , R=2.5% , T=3 years

I = (1506)(.025)(3)
I = 37.65 (3)
I = $112.95

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