Answer:
$ 226.56
Step-by-step explanation:
Calculation:
First, converting R percent to r a decimal
r = R/100 = 12.8%/100 = 0.128 per year,
then, solving our equation
I = 590 × 0.128 × 3 = 226.56
I = $ 226.56
The simple interest accumulated
on a principal of $ 590.00
at a rate of 12.8% per year
for 3 years is $ 226.56.
