Answer:
After 3 years Mac will have $992 in his account.
Step-by-step explanation:
Principal amount deposited = $800
Time = 3 years
Rate of Interest = 6%
Now, SIMPLE INTEREST = [tex]\frac{P \times R \times T}{100}[/tex]
So, here S I = [tex]\frac{800 \times 6 \times 3}{100} = 192[/tex]
or, Simple Interest on the principal amount = $192
Now, AMOUNT = PRINCIPAL + SIMPLE INTEREST
= $800 + $192
= $992
or, the Amount = $992
Hence, after 3 years Mac will have $992 in his account.
