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27 July, 09:51

Choose the correct answer.

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

30.00

32.00

34.00

+4
Answers (2)
  1. 27 July, 11:27
    0
    Answer: Oh the answer is 30.00
  2. 27 July, 12:34
    0
    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
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