what is the interest earned after 1 year in a savings account with an initial investment of $925 and a 6%…

Explanation:

Step1: Identify the simple - interest formula

The formula for simple interest is $I = Prt$, where $P$ is the principal amount, $r$ is the interest rate (in decimal form), and $t$ is the time in years.

Step2: Convert the interest rate to decimal

The interest rate $r = 6%=0.06$. The principal $P = 925$ and time $t = 1$ year.

Step3: Substitute values into the formula

$I=Prt=925\times0.06\times1$.

Step4: Calculate the interest

$I = 925\times0.06=55.5$.

Answer:

$55.5$