Answer:
814?
Step-by-step explanation:
Simple interest is I = PRT, so you can multiply the 550, by 1.08 by 6 to get the total.
The principal is 550, the rate is 0.08 (using 1.08 because the prior gives interest, and using a whole 1 with it will be the total), and the time is 6 years because the interest is simple annual.
use 0.08 instead of 1.08 when solving for interest.
