Respuesta :

Answer:

The formula, I=PRT is used to calculate simple interest.

I=Interest

P=Principal

R=Interest Rate

T=Time

In this case, P=500, R=3%, T=9 months.

Multiplying this out, we obtain a final interest of 135 dollars.

Let me know if this helps.

Answer:

The formula, I=PRT is used to calculate simple interest.

Step-by-step explanation: