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A principal of #1000 is invested at an 8% annual rate of interest.What will be the accrued interest after 6years

A principal of #1000 is invested at an 8% annual rate of interest.What will be the accrued interest after 6years
asked 213k views
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A principal of #1000 is invested at an 8% annual rate of interest.What will be the accrued interest after 6years

asked
User Yevhen Rybak
by
7.9k points

1 Answer

5 votes
I=PRT
1000*.008=80
80*6=480


After 6years 480 bucks accrued interest
answered
User Dean Meehan
by
8.3k points
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