The simple interest on $400 at 5% per annum for 2 years is? a) 400*5*2/100
b) 400*5/2*100
c) 400*2/5*100
d) 400*100/2*5

Answer A is correct

Step-by-step explanation:

Now let's find the simple interest.

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It's a).

Step-by-step explanation:

I = PRT/100

- where I = the interest , P = initial amount, R = annual rate and T is the time in years.

So the answer is (400*5*2) / 100.

b.-4 units

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