How to you find the simplest interest

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Step-by-step explanation:

Simple Interest

Simple interest represents a fee you pay on a loan or income you earn on deposits.

When borrowing money: You must repay the amount you borrowed and make extra payments for interest, which represents the cost of borrowing.

When lending money: You typically set a rate and earn interest income in exchange for making your money available to other people.

When depositing money: Interest-bearing accounts such as savings accounts pay interest income because you are making money available to the bank to lend to others.

How to Calculate It

In the following example, the term "simple" means you're working with the simplest way of calculating interest. Once you understand how to calculate simple interest, you can move on to other calculations, such as annual percentage yield (APY), annual percentage rate (APR), and compound interest.

Hope this helps! <3

b is the correct answer