Based on simple interest, find the total amount saved or owed. principal = $3000; rate = 12%; time = 8 years A. $2880 B. $3360 C. $5000 D. $5880

NEEEEEEEEEEED HELP ASAP!!!!!!!!!!!

Respuesta :

The total amount saved/owed would be A. $2880.

We need to multiply all the factors but first need to change the percentage into a decimal. We'll do this by taking the decimal in the percentage and move it two places to the left. This leaves us with 0.12.

We multiply now:

3000 x .12 x 8 = 2880

Therefore, the amount would be $2880