Answer:
$15
Step-by-step explanation:
Given data
Principal= $150
Rate= 5%
Time= 2 years
The simple interest expression is given as
A=P(1+rt)
substitute
A= 150(1+0.05*2)
A= 150(1+0.1)
A= 150*1.1
A= $165
Hence the amount received in interest is
=165-150
=$15
