part b now, solve the equation to find the simple interest that matt will receive. you can use your own…

part b now, solve the equation to find the simple interest that matt will receive. you can use your own calculator or substitute the necessary values in this simple interest calculator to find the interest. write the answer in the box below. space used(includes formatting): 0 / 30000
Answer
Explanation:
Step1: Multiply 550 and 0.03
$550\times0.03 = 16.5$
Step2: Multiply the result by 1
$16.5\times1=16.5$
Answer:
$16.5$