Question

What is the simple intrest of $1,200 at 3.5% for 2 years.

Answer 1

Interest = (Principle x Rate x Time in years)/100
= (1200 x 3.5 x 2)/100
= 84

The simple interest would be $84.

Answer 2

Answer:84

Step-by-step explanation:

I=PRT

P=1,200

R=0.035

P=2