SOLUTION: if 8000 dollars is invested at 7.5% for 2 years, what is the simple intrest earned?

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Question 162780: if 8000 dollars is invested at 7.5% for 2 years, what is the simple intrest earned?
Answer by user_dude2008(1862) About Me  (Show Source):
You can put this solution on YOUR website!
I=PRT


I=8000%280.075%29%282%29


I=600%282%29


I=1200


So the simple interest is $1,200