Answer: $28 Step-by-step explanation: given that The Principal amount is $800 The rate of interest is 3.5% And, the time period is one year we need to find out the simple interest As we know that Simple interest = Principal × rate × time period = $800 × 3.5% × 1 year = $28 hence, the simple interest is $28 Log in to Reply
Answer:
$28
Step-by-step explanation:
given that
The Principal amount is $800
The rate of interest is 3.5%
And, the time period is one year
we need to find out the simple interest
As we know that
Simple interest = Principal × rate × time period
= $800 × 3.5% × 1 year
= $28
hence, the simple interest is $28