2. 1. Calculate the interest if the principal is $300, the interest rate is 7% and the time is 2 years.
1 answer:
Answer:
$42
Step-by-step explanation:
Given
Principal (P) = $300
rate of interest (R) = 7%
Time (7T) = 2 years
Interest (I) = ?
We know
I = PTR / 100
= 300 * 7 * 2 / 100
= $ 42
Hope it will help :)❤
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