Question

Calculate the simple interest $360 000.00 invested at 12% per annum for 3 years

Answer 1

Step-by-step explanation:

Simple Interest, I = P*N*R/100

P= Principal = $360000.00

N = Time = 3 years

R = rate of interest = 12%

I = 360000*3*12/100 = 3600*3*12 = $129600