Answer:
3 years
Step-by-step explanation:
Use the formula I = prt, where I is the interest money made, p is the starting amount of money, r is the interest rate as a decimal, and t is the time the money was borrowed.
Plug in the values and solve for t:
108 = (1200)(0.03)(t)
108 = 36t
3 = t
= 3 years
