If the simple interest on a sum of money for 2 yr at 8% per annum is $ 120, what will be the CI on the same sum at the same rate for the same time?

If the simple interest on a sum of money for 2 yr at 8% per annum is $

1.	If the simple interest on a sum of money for 2 yr at 8% per annum is $ 120, what will be the CI on the same sum at the same rate for the same time?
A.	$ 124.80
B.	$ 110.20
C.	$ 145.15
D.	$ 136.25
Answer» B. $ 110.20

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If the simple interest on a sum of money for 2 yr at 8% per annum is $ 120, what will be the CI on the same sum at the same rate for the same time?

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