What is the interest earned at $700 at 8% for 6 years

The starting amount is 700 dollarsIt has an annual interest rate which is 8%. now after 6 years, find how much will it gain.=> 8% = 8% / 100% = 0.08Before we will be able to find how much will it gain for 6 years, let's calculate the annual interest rate first.=> 750 dollars * 0.08 = 60 dollars per yearNow, let's find the interest rate it will gain for 6 years by simpy multiplyin the annual amount by 6=> 60 * 6 = 360 dollars.=> 750 + 360 = 1 100 dollars