Calculate the simple interest using the provided information and formula.

Here are the solutions to the simple interest questions:

• General Information:
  • Principal (P) = R12 000
  • Interest Rate (r) = 8% per annum simple interest = 0.08

2.1.1)
The formula for calculating simple interest is:

$$SI = P \times r \times t$$

Where:

• $SI$ is the Simple Interest
• $P$ is the Principal amount
• $r$ is the annual interest rate (as a decimal)
• $t$ is the time in years

$$\boxed{SI = P \times r \times t}$$

2.1.2)

Step 1: