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In this situation, simple interest is calculated yearly. How much interest was earned? Principal: $12,000 Time: 3 years Interest rate: 15% Question 6 options: $5,400.00 $1,800.0…

In this situation, simple interest is calculated yearly. How much interest was earned? Principal: $12,000 Time: 3 years Interest rate: 15% Question 6 options: $5,400.00 $1,800.0…
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In this situation, simple interest is calculated yearly.

How much interest was earned?

Principal: $12,000

Time: 3 years

Interest rate: 15%

Question 6 options:

$5,400.00


$1,800.00


$17,400.00


$12,000.00

asked
User Xtiger
by
8.5k points

1 Answer

3 votes

Answer:

Explanation:

$5,400

answered
User Joshpk
by
8.0k points
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