Simple Interest Calculation
Jen deposits $12,000 in an account that earns 6% interest annually. How much interest will her money earn after 2 years?
A
$720
B
$1,440
C
$1,280
D
$960
clep.ai501(c)(3) non-profit • UBI: 606234803 • EIN: 42-2740810clep.ai501(c)(3) non-profit • UBI: 606234803 • EIN: 42-2740810Jen deposits $12,000 in an account that earns 6% interest annually. How much interest will her money earn after 2 years?
$720
$1,440
$1,280
$960