Respuesta :

altavistard

Answer:

i = ($650)(0.08)(1) = $52

Step-by-step explanation:

The formula for simple interest is i = prt.  Here p = $650, r = 0.08 and t = 1 (year).  Then the simple interest Deanna paid for this one year loan was

i = ($650)(0.08)(1) = $52