**Find the amount of simple interest earned in one year on an account that has an interest rate of 3.2% and a principal of $250.**

**Answer:**

Principal= $250

Rate =3.2%

time = 1 yr

Simple interest =(P*R*T)/100

S.I=(250*3.2*1)/100

=8

S.I. =$8

**Find the amount of simple interest earned in one year on an account that has an interest rate of 3.2% and a principal of $250.**

**Answer:**

Principal= $250

Rate =3.2%

time = 1 yr

Simple interest =(P*R*T)/100

S.I=(250*3.2*1)/100

=8

S.I. =$8