Question

Jerry borrowed $4,000 for 5 years at 6% simple interest rate. How much interest is that?

Answer 1

Step-by-step explanation:

\begin{gathered} \sf\large \underline \blue{given} \\ \\ \sf \: sum=4000 \\ \\ \sf \: rate = 6 \\ \\ \sf \: time = 5 \: years \\ \\ \sf \large \underline \green{to \: find} \\ \\ \sf \: simple \: interest \\ \\ \sf \large \underline \red{solution} \\ \\ \sf \: si = \frac{prt}{100} = \frac{4000 \times 6 \times 5}{100} \\ \\ \sf \: 40 \times 6 \times 5 = 1200 \end{gathered}

given

sum=4000

rate=6

time=5years

tofind

simpleinterest

solution

si=

100

prt

=

100

4000×6×5

40×6×5=1200

Answer 2

Given :

Principal (p) = ₹ 4000

Rate(r) = 6%

Time(t) = 5 year

$➠S.I = \frac{p×r×t}{100}$

$➠S.I = \frac{4000 \times 6 \times 5}{100} \\ \\ ➠S.I = \frac{120000}{100} \\ \\ ➠S.I =₹1200$

Therefore, The Interest is ₹1200