Answer:
None of the above, it should be $4760
Step-by-step explanation:
First, converting R percent to r a decimal
r = R/100 = 12%/100 = 0.12 per year,
then, solving our equation
I = 3500 × 0.12 × 3 = 1260
I = $ 1,260.00
The simple interest accumulated
on a principal of $ 3,500.00
at a rate of 12% per year
for 3 years is $ 1,260.00
Answer:
Choice 3 and 5
Step-by-step explanation:
