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Find the ordinary interest on $ 1,800 for two months at a rate of 12%

Find the ordinary interest on $ 1,800 for two months at a rate of 12%
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3 votes
Find the ordinary interest on $ 1,800 for two months at a rate of 12%

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User Kalen
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1 Answer

5 votes
Divide 12% by 12 months to get 1% per month. Multiply by 2 months to get 2%. Multiply 1800 by 0.02
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User Felixlaumon
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