Final answer:
London borrowed $12,900 with a 2.56% simple interest rate for 7 years, resulting in a total interest of $2,277.6.
Step-by-step explanation:
The question is asking if it is true or false that London borrowed 12900 with a 2.56% simple interest rate for 7 years. To determine the amount of interest, we can use the formula: Interest = Principal × Rate × Time. Plugging in the given values, we have: Interest = 12900 × 0.0256 × 7 = 2277.6. Therefore, it is true that the total interest on the loan is 2277.6.