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If you were to invest $120 for two years, while earning 8% simple interest, what is the total amount of interest that you will earn?

If you were to invest $120 for two years, while earning 8% simple interest, what is the total amount of interest that you will earn?
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1 vote
If you were to invest $120 for two years, while earning 8% simple interest, what is the total amount of interest that you will earn?

User Lluisaznar
by
8.2k points

1 Answer

3 votes
19.2
P=$120
I=8%
T=2yr
User Everett
by
8.2k points
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