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Using the simple interest formula I = PRT, calculate the interest that would be earned. Principal = $1000 Rate = 6% Time = 2 years $12 $120 $1200 $12000
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Using the simple interest formula I = PRT, calculate the interest that would be earned.

Principal = $1000

Rate = 6%

Time = 2 years


$12

$120

$1200

$12000

User Noamt
by
3.8k points

1 Answer

5 votes

SI = P × R × T

SI = 1000 × 6/100 × 2 = $120

User Malina Kirn
by
3.3k points
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