If the principal is $612 and the rate of interest is 2.85%, what is the amount of interest after eight years?

$766.28

Step-by-step explanation:

The equation for interest rate is as follows:

A = The total amount

P = Initial amount

R = The interest rate

T = Time

Let's plug everything into the equation that is given in the question:

The initial amount = 612

Interest rate = 2.85

Time = 8 years

***Just a reminder we move the decimal over twice when working with percents***

Now, lets solve for the total amount:

Therefore, after 8 years the principal is $766.28.

I hope this helps!!

If you have any questions feel free to ask!

- Kay :)

i believe the answer to be 48

step-by-step explanation:

yo answer should be 6 if im not mistaken

step-by-step explanation: