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

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asked Jan 22, 2017 36.9k views

2 Answers

Malice · Answer 1 · 2017-01-25T03:34:27+0000

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.

Dustin Spicuzza · Answer 2 · 2017-01-29T00:10:49+0000

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

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

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