The simple interest formula is given by
[tex]A=P\times r\times t[/tex]where A is the future value, P is the initial value (Principal), r is the rate and t is the time. In our case P=1200, r=0.08 and t= 2 years. By substituting these values into our formula, we get
[tex]\begin{gathered} A=1200\times0.08\times2 \\ A=192 \end{gathered}[/tex]then, the answer is option a: $192
