Simple Interest is $139.50
Step-by-step explanation:
Step 1:
Given details are Principal (P) = $775, Rate (R) = 6% and Time (T) = 3 years
Step 2:
Calculate Simple Interest using the formula SI = PRT/100
⇒ SI = 775 × 6 × 3/100
⇒ SI = 13950/100
⇒ SI = $139.50
