Principal = $ 12,000
Rate of interest = 6% = 0.06
Time in years = t = 6 yrs
Amount = [tex] P(1+r)^{t} [/tex]
Amount = 12,000[tex] (1+0.06)^{6} [/tex]
Amount = 12,000[tex] (1.06)^{6} [/tex]
Amount = 12,000(1.418519112256)
Amount = $ 17022.2293
Interest = Amount - Principal
Interest = 17,022.2293 - 12,000
Interest = $5022.2293
Interest = $ 5022.23
Option A is the answer
