[tex]\bf ~~~~~~ \textit{Simple Interest Earned} \\\\ I = Prt\qquad \begin{cases} I=\textit{interest earned}\\ P=\textit{original amount deposited}\dotfill & \$3650\\ r=rate\to 16\%\to \frac{16}{100}\dotfill &0.16\\ t=years\dotfill &1 \end{cases} \\\\\\ I=(3650)(0.16)(1)\implies I=584[/tex]
