Question

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

Answer 1

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

Step-by-step explanation:

Answer 2

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! :)