PLEASE HELP, WILL MEDAL AND FAN IF U WANT!!

Based on simple interest, find the total amount saved or owed.

principal = $3000; rate = 12%; time = 8 years

A.
$2880

B.
$3360

C.
$5000

D.
$5880

Question

PLEASE HELP, WILL MEDAL AND FAN IF U WANT!!

Based on simple interest, find the total amount saved or owed. 

principal = $3000; rate = 12%; time = 8 years
 
 A.
$2880
 
 B.
$3360
 
 C.
$5000
 
 D.
$5880

anonymous · Answer

@SolomonZelman @texaschic101 @texaschic101 @Abhisar  CAN U PLAEASE HELP, OR CAN YOU EXPLAIN TO ME HOW TO DO THIS!?!?!?!

anonymous · Answer

P(1 + rt) = x

anonymous · Answer

P = Principal Amount

anonymous · Answer

r = Rate of Interest per year in decimal

anonymous · Answer

t = Time Period involved in months or years