800 at 4.25% simple interst for 6 years

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asked Aug 17, 2018 54.1k views

1 Answer

Rayaantaneja · Answer 1 · 2018-08-24T01:24:04+0000

Mo = initial money
M = my current money $_$ ( the more the better)
I = interest rate <3
t = time

t = 6

I = 4.25/100 ( I assume you mean per year)

Mo = 800 ( I assume you mean initial money)

M = Mo+ Mo (I) * t

M = 800 + 800(4.25/100) * 6= 1004

800 at 4.25% simple interst for 6 years

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