# Question 5f2ef

$I = 1200 \cdot .03 \cdot 5$, so $I$ is $180. #### Explanation: Following the simple interest formula, $I = P \cdot R \cdot T$. We're trying to find the total money after three years, so we're solving for $I$. We have our $P$, the staring amount, as$1200. We have our $R$, rate per year, at 3%#, or $.03$. We then have our $T$ in years, 5.
$I = 1200 \cdot .03 \cdot 5$. Plug the multiplication into a calculator, and you'd get \$180.