1 ) the formula used to calculate the simple interest is
I = Ci*n, f his formula you obtain n , that is the time in years n = I/ Ci, where c is the initial capital, i is the earned interest , and i is he rate of interest,
n = 120/600 (0,025) = 120 / 15 = 8 , at 8 years, you will obtain $ 120 of INTEREST
The answers are A,B, and E. Hope this helps. :)
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