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In the situation, simple interest is calculated yearly. How much interest was earned? Principal: $12,000; Time: 3 years; Interest rate: 15%; Interest: ? A$1800 B$5400 C$12,000 D$17,400 E$36,000
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3 votes
In the situation, simple interest is calculated yearly. How much interest was earned?

Principal: $12,000; Time: 3 years; Interest rate: 15%; Interest: ?
A$1800
B$5400
C$12,000
D$17,400
E$36,000

User Baconwichsand
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2 Answers

6 votes
12,000×3×0.15 =5,400 ......... ........
User Bryan Lee
by
7.9k points
6 votes
B is the answer, 5,400 is the interest
User Colche
by
7.5k points
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