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Mathematics

Answered

A $1,200 bond earns 3% simple interest per year on its purchase price. What is the amount of interest earned after 15 MONTHS?
Select one:
$1245
$3
$36
$45

Answer :

Mjunior1810go Mjunior1810go

Answer:

45$

Step-by-step explanation:

Answer Link

Nprocks958go Nprocks958go

Answer:

$45

Step-by-step explanation:

$1,200 x 0.03% = $36 yearly

$36/12 = $3 per month

$3 x 15 months = $45

Answer Link

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