Math, asked by sydneenavarro960, 8 days ago

gary has loan of 40 000. this loan has a simple interest rate of 3% per year. What is the interest that gary will be charged on this loan at the end of 2 years?
A- 42,200
B- 240,000
C- 24,000
D- 2,400

Answers

Answered by anirbanmistri2007

1

Answer:

2400

Step-by-step explanation:

simple interest=P×R×T/100

40000×3×2/100

=2400

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