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Find the Simplify interest earned $720, 5% 2 years A. 74 B.73 C.75 D.72 PLZZZZZZ HELP ME ANYNONE ;(

User Cheesysam
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Answer:

Option D, 72

Explanation:

Before touching the question, Let me tell you something about simple interest.

Simple Interest: It is something that is calculated for the additional amount paid on a loan amount. The formula for simple Interest is given by, SI = (P × R × T)/100 where, P specifies principal, R specifies rate, and T denotes time.

Now, Let's go for solving the question.

Simple Interest = P × R × T/100

0r, Simple interest = (720 × 5 × 2)/100

0r, Simple Interest = 72 × 2 × 5/10

0r, Simple Interest = 72

Hence, 72 is the required answer.

User Neighborhood Ghost
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