Here,
amount (p) =10,000$
Time period (t)=2 years
Rate of interest (r)=12%
So,Intrest (I)
we know that,
[tex]\boxed{ I=\dfrac{p×t×r}{100 }[/tex]
According to the question,
I=⠀[tex]\tt{\dfrac{10000×12×2}{100} }[/tex] ⠀
=[tex]\tt{\dfrac{\cancel{10000}×12×2}{\cancel{100}} }[/tex] ⠀
=[tex]\tt{ 100×12×2 }[/tex] ⠀
=[tex]\tt{ 2400 }[/tex] ⠀
So,
2400$ intrest in 10000$in 12%for 2 years
