Question

Plz do

Answer 1

8. $700 at 8% for 6 years.

it could mean 
1. compound interest
2. simple interest. 

1. Compound Interest

that means that each year it gives you 8% on that whatever new thing so
8 %= 0.08
Each year, it is multiplied by 1.08 since you add the original (1) to the 8% 0.08
so 6 years means
700 times 1.08^6=700 times 1.08 times 1.08 times 1.08 times 1.08 times 1.08 times
1.08 = 1110.81

2. Simple Interest
 
So just 8% of that 700 is added on 
find 8% of 700
8% of 700+0.08 times 700=0.56
6 years = 0.56 times 6 =3.36
add 3.36 + 700= 703.36

Answers are 
if compound interest = $1110.81
If Simple interest = 703.36
 
I hope this helped 

~Renee \(^_^)/