Find the simple interest on: $30,000 for 2years at 4%Need full explana

1.	Find the simple interest on: $30,000 for 2years at 4%Need full explanation otherwise answer will be reported
Answer» Answer: 2400 is the correct answer. Step-by-step explanation: SI = ( P * R * T ) / 100 By applying this formula , ( 30000 * 2 * 4 ) / 100 = 2400 HOPE YOU UNDERSTAND AND THIS MAY HELP YOU

Find the simple interest on: $30,000 for 2years at 4%Need full explanation otherwise answer will be reported

Answer»

Answer:

2400 is the correct answer.

Step-by-step explanation:

SI = ( P * R * T ) / 100

By applying this formula ,

( 30000 * 2 * 4 ) / 100 = 2400

HOPE YOU UNDERSTAND AND THIS MAY HELP YOU