Alex invested $$ \$ 1500 $$ in a savings bond at a simple interest rate of $$ 6 \% $$ per annum. How much interest will he get

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1. The formula for simple interest is given by:
   $$
   I = P \cdot r \cdot t
   $$
   where:
   - $$P$$ is the principal amount.
   - $$r$$ is the annual interest rate (in decimal form).
   - $$t$$ is the time period in years.

2. For Alex's investment:
   - The principal is $$P = 1500$$.
   - The interest rate is $$6\%$$, which in decimal is $$r = 0.06$$.
   - Assuming the interest is calculated for one year, $$t = 1$$.

3. Substitute these values into the formula:
   $$
   I = 1500 \cdot 0.06 \cdot 1
   $$

4. Calculate the interest:
   $$
   I = 1500 \cdot 0.06 = 90
   $$

Alex will get $$ \$90 $$ in interest.
Alex will earn \$90 in interest.

Alex invested in a
savings bond at a simple
interest rate of per annum.
How much interest will he get

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Alex invested in a savings bond at a simple interest rate of per annum. How much interest will he get