Simple interest is given by Prt, where P is the principal investment, r is the interest rate, and t is the number of years. What is the interest if $P=\$6800$ , $r=0.08$ , and $t=4$ years?

A) $ $1088$
B) $ $3264$
C) $ $2176$
D) $ $6528$
E) $ $4352$

Principal Investment

The initial amount of money invested, before any earnings or interest.

Simple Interest

A method of calculating the interest charge on a loan or financial investment based on the initial principal and a fixed interest rate over time.

Interest Rate

The proportion, typically expressed as a percentage, at which interest is charged on a loan or paid on savings.