Question

The simple interest on $200 at 12% for 2 years is

a. $6
b. $12
O
c. $24
d. $48
e. $120

Help! :/

Answer 1

d. $48

Step-by-step explanation:

1 year = 12% = 0.12

2 years = 12% × 2

2 years = 24% = 0.24

24% of $200 = 0.24 × 200

24% of $200 = $48

Therefore the interest on $200 for 2 years is $48

:)