Answer:
$9
Step-by-step explanation:
Firstly, I want to say, if the interest is not compounded that means it is simple interest.
Simple interest is also called non-compounding interest.
We've, Principal(p)= $60
Rate of Interest (R)=5%
Time (T)= 3 years
Interest (I) = ?
By formula of Simple Interest,
S.I = PTR/100
=(60×3×5)/100
=900/100
=9
THEREFORE, the interest amount is $9.
Thank You.
