Given:
Principal (P) = $30,000
Time (t) = 6 months = 0.5 years
Rate (r) = 2%
Using the formula for simple interest:
\[ I = P \times r \times t \]
Substitute the values:
\[ I = 30,000 \times 0.02 \times 0.5 \]
\[ I = 30,000 \times 0.01 \]
\[ I = $300 \]
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