Question

find the simple interest if 7,000 borrowed for 2 years at the rate of 12%

Answer 1

simple "i"nterest => \(\bf i=prt
\\ \quad \\

i=\textit{earned interest}\\
P=\textit{original amount deposited}\to \$7,000\\
r=rate\to 12\%\to \frac{12}{100}\to 0.12\\
t=years\to 2\)

and since you're "fearless" you can do that easy