Based on simple interest, find the total amount saved or owed. principal = $3000; rate = 12%; time = 8 years a. $2880 b. $3360 c. $5000 d. $5880 nd !

The total amount saved/owed would be A. $2880.

We need to multiply all the factors but first need to change the percentage into a decimal. We'll do this by taking the decimal in the percentage and move it two places to the left. This leaves us with 0.12.

We multiply now:

3000 x .12 x 8 = 2880

Therefore, the amount would be $2880

for ex: the reciprocal of 3/4 is 4/3. it is the opposite.

reciprocal definition:

a mathematical expression or function so related to another that their product is one; the quantity obtained by dividing the number one by a given quantity.

this was already solved by me with a different person. if you look it up in the search bar at the top of the page, you will get the answer.

step-by-step explanation: