Respuesta :

mathstudent55

Answer:

$90

Step-by-step explanation:

We use the simple interest formula,

I = Prt

where

I = interest

P = principal amount = $500

r = interest rate = 6% = 0.06

t = time = 3 years

I = Prt

I = $500 × 0.06 × 3

I = $90