Find the Simple Interest $$\mathrm { p } = \$ 500 , \mathrm { r } = 8 \% , \mathrm { t } = 2 \text { years }$$

Multiple Choice

Find the simple interest. (The rate is an annual rate unless otherwise noted. Assume 360 days in a year.)
- $$\mathrm { p } = \$ 500 , \mathrm { r } = 8 \% , \mathrm { t } = 2 \text { years }$$

A) $8.00
B) $2000.00
C) $31.25
D) $80.00