Answer:
$4
Step-by-step explanation:
Simple interest = Principal *rate *time
S.I = P*r*t
Principal ; p = $600
rate ; r = 8% or 0.08 as a decimal
time; t = 1 month , however, convert this to years by dividing by 12;
t = 1 / 12
Next, plug in the numbers into the formula;
S.I = 600 *0.08*[tex]\frac{1}{12}[/tex]
S.I = 4
Therefore simple interest in 1 month becomes $4
