#6 : Dan borrowed $2,000 for 6 months at 12% annual simple interest rate. How much interest is that? [HINT: Time has to be in YE

Question

2 years ago

15

ARS!! 6 months is half of a year or 0.5]
O 120
O 1200
O 144
O 1440

2 answers:

WINSTONCH [101] · Answer 1 · 2022-08-17T10:30:54+03:00

6 0

Answer:

simple Interest =PRT/100

from the question, P=£2000, R=12% and T=1/2

SI = 2000×12×0.5/100

=120

Lana71 [14] · Answer 2 · 2022-08-17T09:17:41+03:00

3 0

Answer:

That would be D.1440

Step-by-step explanation:

<h2>The formula for simple interest is I= P×r×t.</h2><h2>p=principal amount(2,000)</h2><h2>r=rate(12%)</h2><h2>t=time/month(6)</h2>