Answer:
$180
Step-by-step explanation:
Simple interest → ( principal * rate of interest * time in years ) ÷ 100
Here the principal is $3,000, rate of interest is 12%, years in years will be
(6/12) = 0.5 years
Using the formula:
Interest charge → ( 3,000 * 12 * 0.5 ) ÷ 100
→ ( 18000 ) ÷ 100
→ $180
