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Today at 1:27 AM
Mathematics

Answered

Using the simple interest formula I = PRT, calculate the interest that would be earned.

Principal = $1000

Rate = 6%

Time = 2 years

$12

$120

$1200

$12000

Answer :

TheLazyNobita TheLazyNobita

Today at 1:32 AM

SI = P × R × T

SI = 1000 × 6/100 × 2 = $120

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