Question

Beth deposited $4,000 in a college fund earning 3.5% simple interest.

What was the total interest earned at the end of 12 years?

1: $1,166.67

2: $1,680.00

3: $11,666.67

4: $16,800.00

Answer 1

\[SI = \frac{ P*R*T }{ 100 }\]
P = 4000
R =3.5
t = 12

then SI = ?