which equation demonstrates the use of a simple interest formula, $i = prt$, to compute the interest earned…

which equation demonstrates the use of a simple interest formula, $i = prt$, to compute the interest earned on $70 at 3% for 12 years?\n$i=(70)\times(0.12)\times(3)$\n$i=(70)\times(0.03)\times(12)$\n$i=(70)\times(0.3)\times(12)$\n$i=(70)\times(1.2)\times(3)$

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