Question

$700 at 8% for 6 years is...?

Answer 1

So if it is simple interest then
700+6 times (8% of 700)=answer

percent means partsout of 100
8%=8/100=0.08
'of' means mutily
700+6 times (0.08 times 700)=700+6 times (0.56)= 700+3.36=703.36
answer is $703.36