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andrew11 [14]
3 years ago
14

which equation demonstrates the use of a simple interest formula, , to compute the interest earned on $70 at 3% for 12 years?

Mathematics
1 answer:
erica [24]3 years ago
7 0
Simple interest formula is
I=P*(rt)
P=70
t=12
3%=0.03
r=0.03
I = 70*0.03*12= 25.2
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Fraction number consists of two parts, one is the top of the fraction number which is called the numerator and the second is the bottom of the fraction number which is called the denominator.

It is given that:

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