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:$28Step-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