Answer:
James is expected to earn $562.5 at the end of the year as Interest.
Step-by-step explanation:
Here, the amount deposited = Principal = $12,500
Rate of Interest = R = 4.5%
Time = T = 1 year
Now, to find the interest at the end of the year:
[tex]\textrm{Simple Interest} = \frac{P \times R \times T}{100}[/tex]
or, S I = [tex]\frac{12,500 \times 4.5 \times 1 }{100} = 562.5[/tex]
or, S I = $562.5
Hence, James is expected to earn $562.5 at the end of the year as Interest.
