Question

principal $2000 rate 12% time 3 months

Answer 1

P = srt
r stands for rate
t stands for time
s stands for that money. I forgot what it's called...

So we plug each one into the Equation.
2000 x 12% x 3

Answer 2

First step is out Percent. We can not multiply percents just like that. We have to convert it.
Remember: There is always a Decimal hiding in between the percent sign and the number.
So in order to convert it we have to move the decimal point 2 spaces to the left.