Find the simple interest on $600.00 saved for 2 years 8 months at 5℅ per annum.

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asked Jul 16, 2022 134k views

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Find the simple interest on $600.00 saved for 2 years 8 months at 5℅ per annum.

Mathematics
high-school

Benjy Wiener asked

by Benjy Wiener

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2 Answers

5 votes

Answer:

I believe the answer is $80.001.

Explanation:

i used a calculator

Chadmyers answered Jul 19, 2022

by Chadmyers

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Answer:

$80

Explanation:

I = Prt

P = 600

r = 5%

t = 2 yrs and 8 mos = 8/3 yrs

I = 600(0.05)(8/3)

I = $80

Sisus answered Jul 20, 2022

by Sisus

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