x9brandon x9brandon
  • 18-11-2020
  • Mathematics
contestada

$600 8% 1 year in simple interest

Respuesta :

4000571 4000571
  • 18-11-2020

Answer:

$648.00 or you can say that you made $48 from simple interest

Step-by-step explanation:

Plug the numbers into the formula A = P(1 + rt)  and solve,

First, convert to a decimal

r = R/100 = 8%/100 = 0.08 per year.

Solving the equation:

A = 600(1 + (0.08 × 1)) = 648

A = $648.00

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