Interest = Principle x Rate x Time
- Principle = $680
- Rate = 8% = 0.08 per year (use the decimal form)
- Time = 48 months = 48/12 = 4 years (use the years)
Interest = Principle x Rate x Time = $680 x 0.08 x 4 = _____?
Rebekah B.
asked • 01/04/19Find the simple interest to the nearest cent ?
$680 at 8% for 48months
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