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Elden [556K]
4 years ago
12

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

Mathematics
1 answer:
AVprozaik [17]4 years ago
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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