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Question 9 (0.5 points) In this situation, simple interest is calculated yearly. How much interest was earned? Principal: $12,000; Time: 2 years: Interest rate: 10%; Interest: ? $24,000 $240 $2,400
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Question 9 (0.5 points)

In this situation, simple interest is calculated yearly.
How much interest was earned?
Principal: $12,000; Time: 2 years: Interest rate: 10%; Interest: ?
$24,000
$240
$2,400

User Alyxandria
by
5.4k points

1 Answer

0 votes
The correct answer is C. 2,400

Explanation- I’m a freshman trust me I know!
User Derek Mahar
by
4.8k points
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