[tex]\bf \qquad \textit{Simple Interest Earned Amount}\\\\
A=P(1+rt)\qquad
\begin{cases}
A=\textit{accumulated amount}\\
P=\textit{original amount deposited}\to& \$500\\
r=rate\to 6\%\to \frac{6}{100}\to &0.06\\
t=years\to &6
\end{cases}
\\\\\\
A=500(1+0.06\cdot 6)[/tex]
