9514 1404 393
Answer:
$375
Step-by-step explanation:
The interest formula for simple interest is ...
I = Prt . . . . on amount P, at annual rate r for t years.
Here, t = 3/12 = 1/4, r = 0.10, P = $15,000, so the interest is ...
I = $15,000·0.10·0.25 = $375
The simple interest is $375.
