Question

((Please help, I have no clue what this is or how to do it))

Principal = 8000, Interest = 5% per year
Time = 6 years
Simple Interest?

Answer 1

My answer will be 2400

Answer 2

Simpile interest =2400

Explanation:

Equation: I=P(r)(t)

I=8000(0.05)(6)

8000(0.05)(6)=2400

I=2400