If the simple interest on ​$2000 for 10 years is ​$1200​, then what is the interest​ rate?

6%

Step-by-step explanation:

Solving our equation

r = 1200 / ( 2000 × 10 ) = 0.06

r = 0.06

converting r decimal to a percentage

R = 0.06 * 100 = 6%/year

The interest rate required to

accumulate simple interest of $ 1,200.00

from a principal of $ 2,000.00

over 10 years is 6% per year.

i think the amount would be $140.62