No guessing no direct answer understand

peyton earned simple interest on $12,550 with an annual interest rate of 2.7% for 5 years. how much did she earn in interest? round your answer to the nearest cent.

simple interest: i = p • r • t

The short answer is $1,694.25.  To get this answer you plug it into the equation, so P would be $12,550, r would be .027, and t would be 5, so it would look like this in expanded form:
I=12,550*.027*5.
If you do the math from there, simple multiplication, you will get my answer.  I hope this helps, have a nice day! :)

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