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Amyduron6go
Answered

find the interest for 2 years for the 960,000 loan to Mr. Geronimo at 12% annual interest rate?

A. 115,200
B. 188,200
C. 220,400
D. 230,400
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Sagot :

Gertrudesbernartego

Answer:

D

Step-by-step explanation:

Because Find the percentage to find the percentage thus is formula

P=R×B MAKE THE RATE TO DECIMAL

THEN THE ANSWER MULTIPLY BY 2 BECAUSE 2 YEARS

SO

0.12×960,000=115,200

THEN MULTIPLY IT BY 2

115,200×2=230,400

EINSTEIN

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