Answer :
The simple interest is defined as
[tex]I=P\cdot r\cdot t[/tex]Where P is the principal, r is the interest rate and t is times in years. Replacing all given information, and using 0.06 as 6%, we have
[tex]I=800\cdot0.06\cdot1=48[/tex]The simple interest is defined as
[tex]I=P\cdot r\cdot t[/tex]Where P is the principal, r is the interest rate and t is times in years. Replacing all given information, and using 0.06 as 6%, we have
[tex]I=800\cdot0.06\cdot1=48[/tex]