Sam saves money in an account that pays 4.3% in simple interest. If Sam places $6,500 in his account, and neither adds to nor takes from the account for 4 years, how much interest will Sam earn?

To calculate the amount of interest Sam will earn, we can use the formula for simple interest:

Interest = Principal x Rate x Time

Where:
Principal = $6,500
Rate = 4.3% = 0.043
Time = 4 years

Plugging in the values:

Interest = $6,500 x 0.043 x 4
Interest = $6,500 x 0.172
Interest = $1,118

Sam will earn $1,118 in interest over 4 years.