Answer:
The correct answer is C. $132
Step-by-step explanation:
Principal = $120
Simple Interest Rate = 10%
= 0.1
Time = 1 year
We need to find the amount of money she will have in 1 year
⇒ Simple Interest = Principal × Rate × Time
⇒ Simple Interest = 120 × 0.1 × 1
⇒ Simple Interest = $12
So, Amount after 1 year = Principal + Simple Interest
⇒ Amount after 1 year = 120 + 12
⇒ Amount after 1 year = $132
Therefore, The correct answer is C. $132
