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13 April, 03:06

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

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Answers (2)
  1. 13 April, 03:14
    0
    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.
  2. 13 April, 03:34
    0
    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
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