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