ECONOMICS
COMPOUND INTEREST
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
Dan borrowed $2, 000 for 6 months at 12% annual simple interest rate. How much interest is that? Remember your time has to be in YEARS!! 6 months is half of a year or .5
|
|
$120
|
|
|
$144
|
|
|
$1, 200
|
|
|
$1, 440
|
Explanation:
There is 1 question to complete.