What is the interest?

What is the interest if the principal is $1620.24 rate is 0.08 and time is 9?

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Assuming you mean the rate is 8% and the time is 9 years,

interest = principal x rate x time

i = prt
i = 1620.24(.08)(9) {substituted into interest formula}
​= 1166.57 {multiplied}

​interest is $1166.57

Ask the House

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