Question

Sarah starts a Jewelry making business. She borrows the money for the supplies to start. She borrows $1,500.00 for 2 years at a simple interest rate
of 12 percent. At the end of the 2 years, how much interest would be paid?
O $360.00
O $600.00
$300.00
O $240.00

Answer 1

O would be the answer, but I’m not sure why you have 3
(360.00 to be exact)