Answer:
S = $336
Step-by-step explanation:
Given the following data;
Principal, P = $600
Rate, R = 7
Time, T = 8 years
To find the simple interest?
Mathematically, it is given by the formula;
Simple interest, S = (P*R*T)/100
Substituting into the equation, we have;
S = (600*7*8)/100
Simplifying the equation, we have;
S = 6*7*8
S = $336
