Question

$12,000 deposit, simple interest at 8.5% for 5 years.

Answer 1

Answer:

$ 5100

Step-by-step explanation:

I= ?

p=$12000

r=8.5*1 /100=8.5/100

t=5yrs

I=P*R*T

= 12000*8.5*5 /100

=$ 5100