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The problem provided involves calculating simple interest. The formula for simple interest is:

\[
I = P \times r \times t
\]

Where:
- $ I $ is the interest,
- $ P $ is the principal amount (initial investment),
- $ r $ is the annual interest rate (expressed as a decimal),
- $ t $ is the time in years.

### Given:
- $ P = 550 $ (initial amount),
- $ r = 8\% = 0.08 $,
- $ t = 6 $ years.

First, calculate the interest:

\[
I = 550 \times 0.08 \times 6 = 264
\]

Now, the total amount in the account after 6 years will be the sum of the principal and the interest:

\[
A = P + I = 550 + 264 = 814
\]

Therefore, the correct answer is **D. $814**.

Would you like more details or have any other questions?

Here are 5 related questions:
1. How would the total amount change if the interest rate was 10%?
2. What would the total be if Rashawn left the money for 10 years instead of 6?
3. How is compound interest different from simple interest in this context?
4. Can you derive a formula for the total amount $ A $ after $ t $ years directly?
5. What if Rashawn withdrew $50 after 3 years? How much would remain after 6 years?

**Tip:** Always make sure to convert percentages to decimals when using them in formulas!

Rashawn puts $550 in an account earning 8% simple interest annually. How much will he have in his account after 6 years?

Calculate how much Rashawn will have after 6 years if he deposits $550 at 8% simple interest annually. Using the simple interest formula, the total amount in his account will be $814. Suitable for Grade 7 students.

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