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

User Leejoy
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2 Answers

5 votes
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.


User Malice
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8.2k points
4 votes
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
User Dustin Spicuzza
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7.6k points
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