Answer:
The interest for the two years is 144.
Step-by-step explanation:
Hallar the interest produced by a capital of /240 to an annual interest rate of 30% provided for a period of 2 years
Principal, P = 240
Interest, R = 30 %
Time, t = 2 years
The simple interest is given by
[tex]I = \frac{P\times R\times T}{100}\\\\I = \frac{240\times 30\times 2}{100}\\\\I = 144[/tex]
