Answer:
The interest is: $2520.00
Step-by-step explanation:
P is the principal amount, $10500.00.
r is the interest rate, 6% per year, or in decimal form, 6/100=0.06.
t is the time involved, 4....year(s) time periods.
So, t is 4....year time periods.
To find the simple interest, we multiply 10500 × 0.06 × 4 to get that
