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. Ms. Kidd borrowed $12,000 at 5.5% annual
simple interest rate for 36 months. How
much total interest will she pay? (Use I = PRT)
a) $198
b) $1,980
c) $6,036
d) $66,036
e) Not here



Answer :

12535shayan

Answer:

Option B ($1,980)

Step-by-step explanation:

I = PRT

R = 5.5% = 5.5/100 = 0.055

P = 12,000

T = 36 Months = 3 years

I = ?

Putting values:

I = 12,000 × 0.055 × 3

I = 36,000 × 0.055

I = 1,980

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