Aprincipal of n1000 is invested at an 8% annual rate of interest. what will be the accrued interest after 6 years?

480.

Step-by-step explanation:

We have been given that a principal of 1000 is invested at an 8% annual rate of interest.

To find the amount of interest after 6 years, we will use simple interest formula.

, where,

I = Amount of interest,

P = Principal amount,

r =  Annual interest rate in decimal form,

t = Time in years.

Upon substituting the given values, we will get,

Therefore, the amount of interest would be 480.    

correct answer:

i^31 = -i

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