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

Sagot :

Leheridn

P=800

R=6%

T=4

I=?

we have,

 I=PTR/100

   = 800*4*0.06/100

   =192

therefore, the interest is $192.......
initial capital = $800

interest = 6%

time = 4 years


the entire amount after 4 years:

[tex]100\%+6\%=106\%=1.06\\\\\$800\cdot(1.06)^4\approx\$800\cdot1.2625\approx\$1009.98[/tex]

The interest: $1009.98 - $800 = $209.98

[tex]Answer:\boxed{the\ interest=\$209.98}[/tex]

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