Renae invests $600 at 12%p. a. simple interest, for a period of time, to produce $288. For how
long did she invest the money?!

I = $ 1,937.50

Equation:

I = Prt

Step-by-step explanation:

First, converting R percent to r a decimal

r = R/100 = 3.875%/100 = 0.03875 per year,

then, solving our equation

I = 10000 × 0.03875 × 5 = 1937.5

I = $ 1,937.50

The simple interest accumulated

on a principal of $ 10,000.00

at a rate of 3.875% per year

for 5 years is $ 1,937.50.

YOUR WELCOME!!!:)

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step-by-step explanation:

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