An account earns simple interest. $1800 at 6.5% for 30 months Find the interest earned.

Okay. The formula for simple interest is prt. You multiply the principal (initial amount) by the rate (percentage) by the time (months or years). $1,800 is the principal and 6.5% is the percentage rate. 1,800 * 6.5% (0.065) is 117. You earn $117 in interest annually. The time period is 30 months. There are 12 months in 1 year. Divide the amount of months by 12 to put it in a decimal. 30/12 is 2.5. Now, multiply 117 by 2.5 to find the total amount of interest earned. 117 * 2.5 is 292.5. There. The total amount of interest earned is $292.50.