151k views
2 votes
The simple interest on $200 at 12% for 2 years is

a. $6
b. $12
O
c. $24
d. $48
e. $120

Help! :/

User Simbarashe
by
8.0k points

1 Answer

5 votes

Answer:

d. $48

Step-by-step explanation:

1 year = 12% = 0.12

2 years = 12% × 2

2 years = 24% = 0.24

24% of $200 = 0.24 × 200

24% of $200 = $48

Therefore the interest on $200 for 2 years is $48

:)

User Sunil Targe
by
8.3k points

No related questions found

Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

9.4m questions

12.2m answers

Categories