<em>The</em><em> </em><em>right</em><em> </em><em>answer</em><em> </em><em>is</em><em> </em><em>of</em><em> </em><em>option</em><em> </em><em>C</em>
<em>Please</em><em> </em><em>see</em><em> </em><em>the</em><em> </em><em>attached</em><em> </em><em>picture</em><em> </em><em>for</em><em> full</em><em> </em><em>solution</em>
<em>Hope</em><em> </em><em>it</em><em> </em><em>helps</em>
<em>Good</em><em> </em><em>luck</em><em> </em><em>on</em><em> </em><em>your</em><em> </em><em>assignment</em>
Step-by-step explanation:
To determine simple interest, we use the formula
where I is the interest, p is the principal or initial amount, r is the interest rate is in the unit of years and t is the time in years
When the times is 3 years , then we plug in 3 for 't' directly
we know that 1 year = 12 months
Suppose, the time is given in months then we divide time 't' by 12
When the times is 4 months , then we plug in 4 for 't' and divide by 12
we know that 1 year = 365 days
Suppose, the time is given in days then we divide time 't' by 365
When the times is 45 days , then we plug in 45 for 't' and divide by 365