Question

Terry invested $2200 in stock market for two years if the investment and 12% how much money did Terry and in two years

Answer 1

Answer: The interest is: $528.00

Step-by-step explanation:

Formula ⇒ I = PRT

⇒ P is the principal amount, $2200.00.

⇒R is the interest rate, 12% per year, or in decimal form, 12/100=0.12.

⇒ T is the time involved, 2....year(s) time periods.

⇒So, t is 2 year time periods.

⇒ Finally, To find the simple interest, you just multiply 2200 × 0.12 × 2 to get that:

The interest is: $528.00

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