#6 : Dan borrowed $2,000 for 6 months at 12% annual simple interest rate. How much interest is that? [HINT: Time has to be in YE
ARS!! 6 months is half of a year or 0.5]
O 120
O 1200
O 144
O 1440
2 answers:
Answer:
simple Interest =PRT/100
from the question, P=£2000, R=12% and T=1/2
SI = 2000×12×0.5/100
=120
Answer:
That would be D.1440
Step-by-step explanation:
<h2>The formula for simple interest is I= P×r×t.</h2><h2>p=principal amount(2,000)</h2><h2>r=rate(12%)</h2><h2>t=time/month(6)</h2>
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