Formulas
\( I=P r t \)
\( A=P(1+r)^{t} \)
\( A=P+I \)
1) Find the simple interest.
Bianca invested \( \$ 6,500 \) at an interest rate of \( 3 \% \). How much will the simple interest be in 8 years?
\( I=\$ 1,365 \)
\( I=\$ 1,755 \)
\( I=\$ 1,170 \)
\( I=\$ 1,560 \)

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