Question: Compute the simple interest. If the time is given in months, let one month be 1/12 of a year. Round the answer to the

Compute the simple interest. If the time is given in months, let

Compute the simple interest. If the time is given in months, let one month be 1/12 of a year. Round the answer to the nearest cent. Principal, Rate, and Time $1,500 at 8% for 2 years Interest O Interest: $120.00 B O Interest: $220.00 O Interest: $140.00 Interest: $240.00

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