What is the simple interest paid to the nearest cent for each principal, interest rate, and time? $300, 6 1/2 %, 1 year * 1 point
$19.50
$195
$319.50
$1,950

The correct answer is: Option 1: $19.50

Step-by-step explanation:

Simple interest is given by the formula:

Here

P is the principal amount

r is the interest rate

and t is the time in years

Given

P = 300

r = 6 1/2 = 6.5%

t = 1

Putting the values in the formula, we get

The simple interest paid to the nearest cent is 19.50 dollars.

Hence,

The correct answer is: Option 1: $19.50

46.2+112.3

step-by-step explanation:

b) 1/3 * 1/5

step-by-step explanation:

each smallest part is 1/15 since the written one is 1/5 and it's divided by 3 equal parts. (1/5 )/3 = 1/15 = 1/3 * 1/5