SOLUTION: The simple interest (I) on a certain amount of money (p) that is invested at a specified interest rate (r) for a specific period of time (t) can be found by the formula I = prt. Fi

Question 851975: The simple interest (I) on a certain amount of money (p) that is invested at a specified interest rate (r) for a specific period of time (t) can be found by the formula I = prt. Find the interest on a principal of $800 invested at 8% yearly for 3 years.
Answer by KMST(5328) (Show Source): You can put this solution on YOUR website!
(in $)

The interest on a principal of $800 invested at 8% yearly for 3 years, in $ is

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