Page $197$ #$2$ Be sure to complete the problem on the bottom of the page, not the self$-$test question on the top. Use a format, create a table and show work like exhibit $5-4$ page $172.$ Page $197$ #$2$ Using the simple interest formula $($Interest $=$ Principal x Rate of interest x Time$),$ the interest is $$120$ computed as follows: $$120=$ $$2,000$ x $0\mathrm{.}06$ x $1($year$)$