Answer:
The simple interest is $58.5
Step-by-step explanation:
Mathematically;
Simple interest = PRT/100
where p is principal = $300
R is rate = 6.5%
T is time = 3 years
Substituting these values in the simple interest equation, we have that;
S.I = (300 * 6.5 * 3)/100 = $58.5
