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How much simple interest will $2,000 earn in 18 months at an annual

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Joined: 02 Sep 2009
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How much simple interest will $2,000 earn in 18 months at an annual [#permalink]

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New post 29 Oct 2017, 01:28
00:00
A
B
C
D
E

Difficulty:

  35% (medium)

Question Stats:

69% (00:39) correct 31% (00:54) wrong based on 40 sessions

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Joined: 11 Jun 2011
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Location: India
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Re: How much simple interest will $2,000 earn in 18 months at an annual [#permalink]

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New post 29 Oct 2017, 08:27
Bunuel wrote:
How much simple interest will $2,000 earn in 18 months at an annual rate of 6%?

(A) $120
(B) $180
(C) $216
(D) $1,800
(E) $2,160

\(Interest = 2000*\frac{18}{12}*\frac{6}{100}\)

So, \(Interest = 180\)

Thus, correct answer will be (B) $180
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Re: How much simple interest will $2,000 earn in 18 months at an annual   [#permalink] 29 Oct 2017, 08:27
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How much simple interest will $2,000 earn in 18 months at an annual

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