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Shaketa25
Shaketa25 Shaketa25
  • 04-10-2016
  • Mathematics
Answered


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






A.
$216

B.
$54

C.
$36

D.
$32

Verified Answer :

sourpatch012600
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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