Answer:
$507.00.
Step-by-step explanation:
First, converting R percent to r a decimal
r = R/100 = 6.5%/100 = 0.065 per year,
then, solving our equation
I = 1300 × 0.065 × 6 = 507
I = $ 507.00
The simple interest accumulated
on a principal of $ 1,300.00
at a rate of 6.5% per year
for 6 years is $ 507.00.
