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24 August, 04:12

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

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  1. 24 August, 06:12
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    Interest = (Principle x Rate x Time in years) / 100

    = (1200 x 3.5 x 2) / 100

    = 84

    The simple interest would be $84.
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