Answer:
the interest paid is $276
Step-by-step explanation:
Hello, I think I can help you with this
it is possible to find the value of the profit by using simple rule of three
Step one
Define
if
$2300=100%
$x?=12%
step two
define the relation, and do the math
[tex]\frac{2300}{100}=\frac{x}{12}\\isolating\ x \\ x=\frac{2300*12}{100}\\x=\frac{27600}{100}\\ x=276\\[/tex]
Hence, the interest paid is $276
Do not hesitate to ask me any questions you have,have a fantastic day,
