Answer :
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
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