Answer:
$195
Step-by-step explanation:
We use the simple interest formula.
I = Prt
I = Interest
P = Principal (initial value)
r = Interest rate
t = Time (years)
P = $12,000
r = 6.5% which we convert to a decimal by dividing by 100 6.5/100 = .065
t = 3 months which we convert to years by dividing by 12 3/12 = 1/4 = .25
Plug in the values
I = 12000 * .065 * .25
I = $195 interest gained
