irishlassie747
irishlassie747 irishlassie747
  • 13-11-2016
  • Mathematics
contestada

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

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ampofoeugenia7
ampofoeugenia7 ampofoeugenia7
  • 13-11-2016
The formula for interest is I=PRT where I is interest, P is principal , R is rate and T is time. P=$800 R=6% T=4 I=?
I=$800*6/100*4=$192
Therefore the interest is $192
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RosalieKae94 RosalieKae94
  • 13-11-2016
The answer is $192 
You would take $800 and multiply it by .06 which is 6% which equals 48 
then you would take 48 and multiply it by 4 years which gives you the total of $192.


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