What is the interest on $800 at 6% for 4 years?

1 answer:

4 0

Principle (P) = $ 800

Rate (R) = 6%

Time (T) = 4 years

Simple Interest = $\frac{PRT}{100} = \frac{800*6*4}{100} = \frac{8*6*4}{1}$ = $ 192

Hence, the interest is $192--- A.

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