The simple interest I on an amount P invested at an interest rate R %, for a period of time T per annum is evaluated as
[tex]I\text{ = }P\times R\times T[/tex]A) The interest earned at $5500 at 6.5% for 5 months is thus evaluated as
[tex]\begin{gathered} P\text{ = 5500} \\ R\text{ = 6.5\% = }\frac{6.5}{100} \\ T\text{ = 5 months = }\frac{5}{12}\text{ year} \\ thus, \\ I\text{ = }5500\times\frac{6.5}{100}\times\frac{5}{12} \\ \Rightarrow I\text{ = \$ 148.958} \end{gathered}[/tex]thus, the interest earned for $5500 at 6.5% for 5 months is $ 148.985.
B) Total value of the investment.
The total value of the investment is the sum of the interest earned and the initial amount invested.
Thus,
[tex]\begin{gathered} Total\text{ value of investment = interest earned + amount invested} \\ A\text{ = I + P} \\ A\text{ = 148.985 + 5500} \\ \Rightarrow A\text{ = \$ 5648.985} \end{gathered}[/tex]Hence, the total value of the investment is $ 5648.985.
