Sagot :
Answer:
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Step-by-step explanation:
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Hello!
SIMPLE INTEREST
Formula
- I = P × R × T
I - Interest
P - Principal
R - Rate
T - Time
Our Given:
- P - 8000
- R - 1%
- T - 1 year
Solution:
- I = 8000 × 1% × 1year
- I = 8000 × 0.01 × 1
- I = 80
Answer:
- 80 interest.
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Simple Interest - The payment for the use of money borrowed that is calculated by multiplying the principal by the rate by the time (number of years).
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