2 years ago

How much interest is earned in 2 years on an investment of $2,000? The interest rate

Mathematics

2 answers:

Bumek [7]2 years ago

8 0

Answer: 120 is the right answer i think im not sure

Step-by-step explanation:

natita [175]2 years ago

7 0

Answer:

D. $120

Explanation:

P= principal amount, which is $2000 in this case

R= interest rate. In this case, it's 3% per year (or 0.03 in decimal form)

T= time, which in this case is 2.

To find the simple interest, we multiply 2000 × 0.03 × 2 to get 120.

I hope this helped! :)

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