Step-by-step explanation:
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Answer:
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Step-by-step explanation:
up 1 on y axis then up one for every 3 xs
They paid $720
Here's why:
The formula to this is Interest = Principal x Rate x Time or i = prt
Principal = $2000
Rate = 12%
Time = 3 years
2000 x .12 x 3 = i PEMDAS
2000 x .12 = 240
240 x 3 = 720
i = $720