The formula for calculating simple interest is:
Interest = Principal x Rate x Time
where:
Principal is the amount of money deposited
Rate is the annual interest rate (as a decimal)
Time is the length of time (in years) the money is invested
In this case, the principal is $200, the rate is 6.5% per year (or 0.065 as a decimal), and the time is 3 years. Plugging these values into the formula, we get:
Interest = $200 x 0.065 x 3 = $39
So the interest earned over 3 years is $39. To find the total amount of money in the account after 3 years, we add the interest to the principal:
Total amount = Principal + Interest = $200 + $39 = $239
Therefore, there will be $239 in the account after 3 years.