Q:

Bobby wants to invest $100. His brother invested $2,000 for one year and earned $60 in simple interest.If Bobby invests his money for one year at the same interest rate as his brother, how much interest will he earn?O A. $3OB. $6OC. $12OD. $30OE. $33

Accepted Solution

A:
Answer:$3Step-by-step explanation:By investing $2,000 Bobby will earn $60 interest∴By investing $1 Bobby will earn =$(60/2000) interestso,By investing $100,He will earn =$ {(60/2000 ) .100}                        =$3