Calculate the maturity value of a 300-day, $6,000 term deposit earning 5.15% simple interest.

A) $5,756.34
B) $6,253.97
C) $6,309.00
D) $6,111.78
E) $7,021.99

The maturity value of a term deposit can be calculated using the formula for simple interest: $A=P(1+rt)$ , where $A$ is the amount of money accumulated after n years, including interest, $P$ is the principal amount (the initial amount of money), $r$ is the annual interest rate (decimal), and $t$ is the time the money is invested for in years. For this problem, P = $6,000 , $r=5.15\%=0.0515$ , and $t=300/365$ years (since there are 365 days in a year). Plugging these values into the formula gives: A = 6000(1 + 0.0515 \times (300/365)) = $6,253.97 .