Answer:
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Step-by-step explanation:
Answer:
The interest is 4,500
Step-by-step explanation:
We use the simple interest formula,
I = Prt
where
I = interest
P = principal amount = 12,500
r = interest rate = 12% = 0.12
t = time = 3 years
I = Prt
I = 12,500 × 0.12 × 3
I = 4,500
Answer:
Yes, the students answer is reasonable.
Step-by-step explanation:
Answer to the first question