A 1,595 deposit for 10 years at a simple interest rate of 8%

Interest:

Total value:

Answer:1276

Step-by-step explanation:math

Answer: interest = 1276

Total value=2871

Step-by-step explanation:

Interest = principal * rate*time/100

Let interest be I

Principal be P

Rate be R

Time be T

I=p*r*t/100

P=1595

R=8

T=10

Substitute for the values

I=1595*8*10/100

I=1276

So Interest is 1276

Total value at the end of 10yrs will be

Principal + Interest

=1276+1595

=2871

Total value=2871