# SOLUTION: Find the unknown qanity for an account that earns simple annual interest. P= \$250, r = 8%,t = 6 years Any help with this equation would be <b>Greatly</b> appreciated.

Algebra ->  Algebra  -> Equations -> SOLUTION: Find the unknown qanity for an account that earns simple annual interest. P= \$250, r = 8%,t = 6 years Any help with this equation would be <b>Greatly</b> appreciated.      Log On

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 Algebra: Equations Solvers Lessons Answers archive Quiz In Depth

 Question 125228: Find the unknown qanity for an account that earns simple annual interest. P= \$250, r = 8%,t = 6 years Any help with this equation would be Greatly appreciated.Answer by checkley71(8403)   (Show Source): You can put this solution on YOUR website!I=P(1+R)^T-P I=250(1+.08)^6-250 I=250(1.58687)-250 I=396.72-250 I=\$146.72 IS THE INTEREST.