Answer
$I=\$189$
Work Step by Step
The formula for simple interest is:
$I=Prt$
where
P = principal amount borrowed
r = interest rate per year
t = time
Use the formula above to obtain:
$I=\$12600(9\%)(\frac{60}{360})
\\I=\$12600(0.09)(\frac{1}{6})
\\I=\$189$
