Choose the correct answer.

Find the interest due on $800 at 12% for 120 days.

30.00

32.00

34.00

Answer: Oh the answer is 30.00

I think its $32

Step-by-step explanation:

interest due on $800 at 12% for 120 days.

We use simple interest formula

Simple interest for 365 days formula is

P is the principal amount = 800

r = rate of interest = 12% = 12/100 = 0.12

n = number of days = 120

Plug in all the values in the formula

Interest = $32