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Simple Interest, SMB-010 MC

What is the interest earned, in dollars, if $4800 is invested for `x` months at a simple interest rate of 2.25% per annum?

  1. `9x`
  2. `10.8x`
  3. `108x`
  4. `900x`
Show Answers Only

`A`

Show Worked Solution
`text(Interest)` `= 4800 xx x/12 xx 2.25/100`
  `= 9x`

 
`=> A`

Filed Under: Simple Interest Tagged With: num-title-ct-corea, smc-4332-10-Find interest

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