SOLUTION: Samantha invests $8,000 at 8% simple interest for 8 year. How much is in the account at the end of the 8 years period?

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Question 1155787: Samantha invests $8,000 at 8% simple interest for 8 year. How much is in the account at the end of the 8 years period?
Answer by mananth(16946) About Me  (Show Source):
You can put this solution on YOUR website!

Simple interest = p * r * n
p=8000, r=8%m n = 8 years
SI= 8000*0.08*8
=5120
Total amount = 8000+5120