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Calculate 12% simple interest to be paid on a loan of $2000 repaid in 1 1/2 year?
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Calculate 12% simple interest to be paid on a loan of $2000 repaid in 1 1/2 year?

User Laxer
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2 Answers

7 votes
The answer is $360
Hope this helps !
User AntouanK
by
3.7k points
5 votes

Answer:$360

Explanation:

I=PRT

I=12/100×2000×1.5

I=24×1.5

I=$360

User Klind
by
4.5k points
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