Hannah invested $600 for 8 years at a rate of 3% per year simple interest. Calculate the interest Hannah receives.

Given:

Principal = $600

Rate of simple interest = 3% per year

Time = 8 years

To find:

The simple interest.

Solution:

Formula for simple interest is:

Where, P is principal, r is the rate of interest in percent and t is the number of years.

Substituting in the above formula, we get

Therefore, the simple interest is $144.

describing distributions is one of the key skills you’ll need to earn a high score on the ap statistics exam. if you need proof of this, just flip through some past exam questions, which can be found at the collegeboard website. you’ll notice that the first free response question is almost always a question requiring you to look at a graph and describe it.

step-by-step explanation: just trying to get points sorry : (