Answer :
beLet the interest rate is r%
By question
[tex]\begin{gathered} 10000\times\frac{r}{100}\times2=1200 \\ 2\times100\times r=1200 \\ r=\frac{1200}{200} \\ r=6 \end{gathered}[/tex]So the interest rate is
6%
beLet the interest rate is r%
By question
[tex]\begin{gathered} 10000\times\frac{r}{100}\times2=1200 \\ 2\times100\times r=1200 \\ r=\frac{1200}{200} \\ r=6 \end{gathered}[/tex]So the interest rate is
6%