3 years ago

What is the simple intrest of $1,200 at 3.5% for 2 years.

Mathematics

2 answers:

stepan [7]3 years ago

7 0

Interest = (Principle x Rate x Time in years)/100
= (1200 x 3.5 x 2)/100
= 84

The simple interest would be $84.

Lena [83]3 years ago

3 0

Answer:84

Step-by-step explanation:

I=PRT

P=1,200

R=0.035

P=2

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