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Which equation demonstrates the use of a simple interest formula, to compute the interest earned on $70 at 3% for 12 years?

Which equation demonstrates the use of a simple interest formula, to compute the interest earned on $70 at 3% for 12 years?
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5 votes
Which equation demonstrates the use of a simple interest formula, to compute the interest earned on $70 at 3% for 12 years?

asked
User Markiz
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1 Answer

7 votes
I = 70 * 0.03 * 12

Hope this helps!
answered
User Newkid
by
9.1k points
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