Which equation demonstrates the use of a simple interest formula, I = P r t, to compute the interest earned on $70 at 3% for 12 years?

I = (70) times (0.12) times (3)

I = (70) times (0.03) times (12)

I = (70) times (0.3) times (12)

I = (70) times (1.2) times (3)

Question

27 March, 02:38

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Answers (2)

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Mariyah Skinner · Answer 1

B

Explanation:

its correct on edgeunity

Desirae Campos · Answer 2

B

Explanation:

I just got it correct.

Which equation demonstrates the use of a simple interest formula, I = P r t, to compute the interest earned on $70 at 3% for 12 years?I = (70) times (0.12) times (3)I = (70) times (0.03) times (12)I = (70) times (0.3) times (12)I = (70) times (1.2) times (3)