Shaketa25 Shaketa25

04-10-2016
Mathematics

contestada

Find the ordinary interest on $1,800 for two months at a rate of 12%.
A. $216 B. $54 C. $36 D. $32

Respuesta :

sourpatch012600 sourpatch012600

04-10-2016

12 % simple interest rate per year = 1 % per month

I = P x r x t
Interest = $1,800.00 x 1 % x 2 months
Interest = $18.00 x 2
Interest = $36.00

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