11-01-2021
Mathematics

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2. 1. Calculate the interest if the principal is $300, the interest rate is 7% and the time is 2 years.

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kritika3375 kritika3375

11-01-2021

Answer:

$42

Step-by-step explanation:

Given

Principal (P) = $300

rate of interest (R) = 7%

Time (7T) = 2 years

Interest (I) = ?

We know

I = PTR / 100

= 300 * 7 * 2 / 100

= $ 42

Hope it will help :)❤

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