Answered

12000 principal amount 2 percent rate 2 years time what is the interest
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Sagot :

KizunaHighviz

SIMPLE INTEREST

Given

  • Principal Amount (P) = 12,000
  • Interest Rate (R) = 2%
  • Time (T) = 2 years
  • Interest (I) = ?

I = PRT

I = (12000)(0.02)(2)

I = (240)(2)

I = 480

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