SOLUTION: Simple interest I=PRT. Find I if P = $8000, R= 6%, and t=1 year. My answer was 8480, but now i'm not sure how i got that, and it doesn't seem right.

SOLUTION: Simple interest I=PRT. Find I if P = $8000, R= 6%, and t=1 year. My answer was 8480, but now i'm not sure how i got that, and it doesn't seem right.

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Question 6204: Simple interest I=PRT. Find I if P = $8000, R= 6%, and t=1 year.
My answer was 8480, but now i'm not sure how i got that, and it doesn't seem right.
Answer by roy_algebra2006(2) (Show Source): You can put this solution on YOUR website!
($8000*6*1)/100=$48000/100=$480 is the required answer.
you were wrong in your formula rpresentations.the actual formula is:
I=PRT/100
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