$3000 at 4% p.a. for 2 years
2 answers:
The result of this question as i think is 240
Hi there
The formula of the simple interest is
I=prt
I interest earned?
P principle 3000
R interest rate 0.04
T time 2 years
So
I=3,000×0.04×2
I=240
Hope it helps
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