What is the interest on $800 at 6% for 4 years? A. $192.00 B. $48.00 C. $182.00 D. $19.20

asked Oct 1, 2018 75.3k views

3 votes

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

A. $192.00
B. $48.00
C. $182.00
D. $19.20

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4 votes

Principle (P) = $ 800

Rate (R) = 6%

Time (T) = 4 years

Simple Interest =
(PRT)/(100) = (800*6*4)/(100) = (8*6*4)/(1)

= $ 192

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

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