What is the simple intrest of $1,200 at 3.5% for 2 years.
2 answers:
Interest = (Principle x Rate x Time in years)/100
= (1200 x 3.5 x 2)/100
= 84
The simple interest would be $84.
Answer:84
Step-by-step explanation:
I=PRT
P=1,200
R=0.035
P=2
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