QuestionMAIN COURSE
5. The following clients have opened loan accounts with Wachovia. Use the simple interest formula $I=p r t$ to calculate the principal, rate, time, or interest earned by each client. Calculate the interest to the nearest cent, and write your answers in the chart below. \begin{tabular}{|c|c|c|c|c|} \hline Client Name & Principal & Rate & Time & Interest Earned \\ \hline Jack Jones & $\$ 2,455$ & $3 \%$ & & $\$ 441.90$ \\ \hline Oscar Owens & & $4.25 \%$ & 3 years & $\$ 663$ \\ \hline Paula Prince & $\$ 18,500$ & & 42 months & $\$ 1,942.50$ \\ \hline \end{tabular}