Answer: $866.34
Step-by-step explanation:
The formula to calculate the simple interest is given by :-
[tex]S.I.=P\times r\times t[/tex], where P is the principal amount , r is the rate of interest and t is the time period.
Given: Principal amount = $1,677
Rate of interest = 8.61%=0.0861
Time period = 6 years
Now, the simple interest gained by Gina after 6 years will be :-
[tex]S.I.=1677\times 0.0861\times 6=\$866.3382\approx\$866.34[/tex]
Hence, the simple interest gained by Gina after 6 years $866.34.
