Simple Interest Calculation
Jen deposits $12,000 into an account that earns 6% simple interest annually. How much total interest will the deposit earn after 2 years?
A
$960
B
$1,280
C
$1,440
D
$720
Jen deposits $12,000 into an account that earns 6% simple interest annually. How much total interest will the deposit earn after 2 years?
$960
$1,280
$1,440
$720