Which equation demonstrates the use of a simple interest formula, mc002-1.jpg, to compute the interest earned on $70 at 3% for 12 years?

Step-by-step explanation:

Equation to calculate the simple interest I is

where P = principal amount

r = rate of interest

t = time or duration

If P = $70

r = 3%

t = 12 years

Therefore interest I = (70×3×12)/100 = $25.2

2 over 5

step-by-step explanation:

the 2: 3 ratio is the length of the ac segment to the cb segment total length. this implies that the ratio between segment ac length and segment ab length is 2: 5. point c is 2/5 from a to b, so the required fraction is 2/5.

step-by-step explanation: