Answer: $ 2925
Step-by-step explanation:
since i = prt, so:
4500 * 6.5% * 10
Therefore, you will get the answer $2925
PS: for the formula: I = PRT, I represents the money you earn when you deposit money in the bank for several years. P is the principal which is also the money you deposit into the bank at the beginning. R represents the rate of interest, which is the percent of interest of your principal. Last but not least, T represents the time you deposit ur money into the bank. But notice that the time is years. Which means 1 year is 1, 5 years are 5, and 9 months are 9/12 year.
