Question

troy has $1,250 in an account that pays simple interest of 8% annually b9w much interest will trot have earned by the end of the year

Answer 1

$100

Step-by-step explanation:

Simple interest is calculated using the formula

I = P x R x T

where I = interest

P= principal amount, $1,250

R= interest rate , 8% or 0.08

T = Time, one year

The interest troy will earn is

I= $1250 x 0.08 x 1

= $100

Troy will earn $100 as interest