Question

Find the simple interest on $600.00 saved for 2 years 8 months at 5℅ per annum.​

Answer 1

I believe the answer is $80.001.

Explanation:

i used a calculator

Answer 2

$80

Explanation:

I = Prt

P = 600

r = 5%

t = 2 yrs and 8 mos = 8/3 yrs

I = 600(0.05)(8/3)

I = $80