SOLUTION: what is the interest on $1200 invested for 2 years in an account that earns simple interest at a rate of 5% per year

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Question 772870: what is the interest on $1200 invested for 2 years in an account that earns simple interest at a rate of 5% per year
Answer by jim_thompson5910(35256) About Me  (Show Source):
You can put this solution on YOUR website!
I = Prt

I = 1200*0.05*2

I = 120

The interest is $120