Question

In the situation, simple interest is calculated yearly. How much interest was earned?
Principal: $12,000; Time: 3 years; Interest rate: 15%; Interest: ?
A$1800
B$5400
C$12,000
D$17,400
E$36,000

Answer 1

B is the answer, 5,400 is the interest

Answer 2

12,000×3×0.15 =5,400 ......... ........