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17 August, 18:07

In the situation, simple interest is calculated yearly. How much interest was earned?

Principal: $12,000; Time: 3 years; Interest rate: 15%; Interest:?

A$1800

B$5400

C$12,000

D$17,400

E$36,000

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Answers (2)
  1. 17 August, 18:18
    0
    12,000*3*0.15 = 5,400 ...
  2. 17 August, 18:19
    0
    B is the answer, 5,400 is the interest
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