Answer:
I = $ 8.00
Equation:
I = Prt
Step-by-step explanation:
First, converting R percent to r a decimal
r = R/100 = 10%/100 = 0.1 per year,
then, solving our equation
I = 80 × 0.1 × 1 = 8
I = $ 8.00
The simple interest accumulated
on a principal of $ 80.00
at a rate of 10% per year
for 1 years is $ 8.00.
