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Calculate the amount of interest on $1200.00 for one year at an annual rate of 4 %.

Calculate the amount of interest on $1200.00 for one year at an annual rate of 4 %.
asked 193k views
4 votes
Calculate the amount of interest on $1200.00 for one year at an annual rate of 4 %.

asked
User Nuzhat Ansari
by
8.3k points

2 Answers

1 vote
the amount of interest is $148
answered
User Tony Merritt
by
8.2k points
3 votes
Interest = (PRT)/100 = (1200×4×1)/100 = $48
answered
User Jhong
by
8.6k points
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