Math, asked by moula3698, 2 months ago

if $200,000 is saved at a simple interest of 5% per annum . Calculate the total amount after 4 years

Answers

Answered by hajra6
0

Answer:

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Answered by Eutuxia
3

Given :

  • Principal = $200,000
  • Rate if Interest = 5%
  • Time = 4 years

To find :

  • the total amount after 4 years

Solution :

⇒ Let's find the Simple Interest.

\sf \longrightarrow Simple \: Interest = \dfrac{P \times R \times T}{100}

\sf \longrightarrow  \dfrac{200000 \times 5 \times 4}{100}

\sf \longrightarrow  \dfrac{200000 \times 20}{100}

\sf \longrightarrow  \dfrac{2000 \not 0 \not 0 \times 20}{1 \not 0 \not 0}

\sf \longrightarrow  \dfrac{2000 \times 20}{1}

\sf \longrightarrow  \dfrac{40000}{1}

\sf \longrightarrow \cancel{ \dfrac{40000}{1} }

\sf \longrightarrow 40000

⇒ Amount = Principal + Simple Interest

⇒ Amount = 200,000 + 40000

⇒ Amount = 240000

\sf \therefore Amount = \$ \: 240000

  • Therefore, the total amount after 4 years is $240000.

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