Question

help

Answer 1

i think it 5400.00

Answer 2

You want to calculate the interest on $12000 at 15% interest per year after 3 year(s).
The formula we'll use for this is the simple interest formula, or:


Where:

P is the principal amount, $12000.00.
r is the interest rate, 15% per year, or in decimal form, 15/100=0.15.
t is the time involved, 3....year(s) time periods.
So, t is 3....year time periods.
To find the simple interest, we multiply 12000 × 0.15 × 3 to get that:

The interest is: $5400.00
Usually now, the interest is added onto the principal to figure some new amount after 3 year(s),
or 12000.00 + 5400.00 = 17400.00. For example:

If you borrowed the $12000.00, you would now owe $17400.00
If you loaned someone $12000.00, you would now be due $17400.00
If owned something, like a $12000.00 bond, it would be worth $17400.00 now.

Answer 3

jalil: Please post your question first. If you want to work with a particular person, you could tag that person second. Thanks.

Answer 4

@mathmale is that answer right

Answer 5

What kind of help do you need?

Answer 6

making sure my answer right

Answer 7

In this case, I'll respond: Yes, you're right. Next time, I'll ask you to show your work, so that I'd know where your answer came from. OK?

Answer 8

ok