Answer:$270.00
Explanation
P is the principal amount, $2400.00.
r is the rate, 2.25% per year, or in decimal form, 2.25/100=0.0225.
t is the time involved, 5....year(s) time periods.
So, t is 5....year time periods.
To find the answer, we multiply 2400 × 0.0225 × 5 to get that:
The interest is: $270.00