Answer:
$648.00 or you can say that you made $48 from simple interest
Step-by-step explanation:
Plug the numbers into the formula A = P(1 + rt) and solve,
First, convert to a decimal
r = R/100 = 8%/100 = 0.08 per year.
Solving the equation:
A = 600(1 + (0.08 × 1)) = 648
A = $648.00
