Answer:
the interest is 960.
Step-by-step explanation:
the formula: I=prt i=interest p= pricipal [the money you start with]
r= rate t= time
I=? I= 800 (0.02) (10)
P= $800 I= 160+ 800 {because $160 is added}
R= 2% --> 0.02 [as a decimal] I= $960
T= 10 years
The answer is $960.
The formula for the Interest is: I=p r t, where I=interest, p= principal [the money you start with]
How to find out the interest rate of 2% ?
r= rate t= time
I=?
P= $800 ,R= 2% --> 0.02 [as a decimal] , T= 10 years
I= 800 (0.02) (10), I= 160+ 800 {because $160 is added}
I= $960.
Learn more about the interest rate on: https://brainly.com/question/14640944
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