Respuesta :

The amount of simple interest earned is $945

Here, we want to get the amount of interest that would be earned after 6 years

We use the simple interest formula for this

This is as follows;

[tex]\begin{gathered} \text{Simple Interest = }\frac{PRT}{100} \\ \\ P\text{ is principal (amount deposited) = \$4,500} \\ R\text{ is the interest rate which is 3.5\%} \\ T\text{ is the time which is 6 years} \\ \\ \text{Substituting these values, we have} \\ \text{Simple interest = }\frac{4500\times3.5\times6}{100} \\ \\ \text{Simple interest = \$945} \end{gathered}[/tex]