2
QuizMultiple Choice
Investing
Question 2 of 10 • TX-Algebra II A-CR Summer 2021
Which equation demonstrates the use of a simple interest formula, , to compute the interest earned on $70 at 3% for 12 years?
Answer
A
I = (70) times (0.12) times (3)
B
I = (70) times (0.03) times (12)
C
I = (70) times (0.3) times (12)
D
I = (70) times (1.2) times (3)