Find the Simple Interest $$\mathrm { p } = \$ 500 , \mathrm { r } = 8 \% , \mathrm { t } = 2 \text { years }$$

question 45

Multiple Choice

Find the simple interest. (The rate is an annual rate unless otherwise noted. Assume 360 days in a year.)
- $$\mathrm { p } = \$ 500 , \mathrm { r } = 8 \% , \mathrm { t } = 2 \text { years }$$

• A) $8.00
• B) $2000.00
• C) $31.25
• D) $80.00

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