Brett deposited $150.00 in an account that paid 3% simple interest. how much interest did brett earn in 5 years?

a.
$4.50

b.
$7.50

c.
$15.00

d.
$22.50

Brett deposited $150.00 in an account that paid 3% simple interest. the interest brett earn in 5 years :
simple interest = Pricipal x interest rate x number of years
                        = 150 x 0.03 x 5
                        = $ 22.50

hope this help

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