The rate he needs to earn is what % round 2 decimal places as needef

Question

A man plans to take a vacation in 2 years. He wants to buy a certificate of deposit for ​$1200 that he will cash in for the trip. What is the minimum annual interest rate he must obtain on the certificate if he needs at least ​$1800 for the​ trip? Assume that the interest on the loan is computed using simple interest.

Answer 1

??????? simpel interest for 2 yeers ?????

me thank yu sae yu put up 1200$ & want it tu gro tu 1800$ in 2 yeers

that meen interest=1800-1200=600$

or 300$/yeer

300/1200=0.25 or 25%

no wae hoze...yer lukky tu get 2% on NE munee yu put in a bank