Diego deposited $ 10000 for 4 year at a rate of 6% p.a. Find the interest Diego got. ( A ) 3,400(B)2,200 ( C ) 3,200(D)2,400
Answers
(D) 2,400
Given:
The Principal amount that Diego deposited = $ 10,000
Time period he deposited the amount for = 4 years
Rate at which he deposited the amount = 6 % per annum
To Find:
The Interest Which Diego Got
Calculating:
Formula used to find the Simple Interest:
Principal (P) × Rate (R) × Time (T)}/100
Substituting all the values known to us in this formula we get:
= (10000 x 6 x 4)/100
= 10000 x 24 / 100
= 100 x 24
= $ 2400
Therefore, the interest amount which Diego got was 2400 Dollars.
Option (D) 2,400 is the correct answer
Answer:2,400
Question: Diego deposited $ 10000 for 4 year at a rate of 6% p.a. Find the interest Diego got.
To find: interest
---------------------------------------
Given that,
Principal =$10,000
Time=4 Year
Rate=6%
Step-by-step explanation:
As we know,
Interest=Principal×rate×time/100
=10,000×6×4/100
=100 ×6×4
=2,400
Hence, The interest Diego Got is 2,400
and option (D) is correct.