Question

accumulate 1,200 for 2 years at 3% percent for quarter simple interest​

Answer 1

Step-by-step explanation:

Time: 4x2 = 8 quarter years

rate percentage: 3%

principal:1200

A = 1200 x

$(1 + 3) {}^{8} \\ 100$

= 1200x103x103x103x103x103x103x103x103

100 100. 100. 100. 100. 100 100 100

A=1,520.12

CI= 1520.12-1200

=320.12