Step-by-step explanation:
✧ [tex] \underline{ \underline{ \large{ \tt{G \: I \: V \: E \: N}}}} : [/tex]
- Principal ( P ) = $ 4000
- Rate ( R ) = 3 %
- Time ( T ) = 4 months = [tex] \ \frac{4}{12} [/tex]
✧ [tex] \underline{ \underline{ \large{ \tt{ T \: O \: \: F\: I\: N \: D}}}} : [/tex]
✧ [tex] \underline{ \underline{ \large{ \tt{S \: O \: L \: U \: T \: I \:O\: N}}}} : [/tex]
☂ [tex] \boxed{ \large{ \sf{Interest \: ( \: I \: ) = \frac{PTR}{100}}}} [/tex]
~Plug the known values and then simplify !
➝ [tex] \large{ \bf{ \frac{4000 \times \frac{4}{12} \times 3}{100} }}[/tex]
➝ [tex] \large{ \bf{ \frac{4000}{100}}} [/tex]
➝ [tex] \large{ \bf{ \frac{4 \: 0 \: \cancel{0 \: 0}}{1 \: \cancel{ 0 \: 0}}}} [/tex]
➝ [tex] \boxed{ \large{ \bf{ \$ \: 40}}}[/tex]
⟿ [tex]\boxed{ \boxed{ \underline{ \large{ \text{OUR \: FINAL \: ANSWER }: \boxed{ \underline{ \tt{ \$ \: 40}} }}}}}[/tex]
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☃ [tex] \underline{ \text{Additional \: Info : }}[/tex]
- Principal ( P ) : The money which is borrowed or deposited is called principal.
- Interest ( I ) : The additional amount of money which is paid by borrower to the lender is called interest.
- Time ( T ) : The duration of time for which principal is deposited or borrowed is termed as time period.
- Rate ( R ) : The condition under which the interest is charged is called rate.
- Amount ( A ) : The sum of principal and interest is called an amount.
Hope I helped ! ♡
Have a wonderful day / night ! ♕
Let me know if you have any questions regarding my answer ! ☄
☞ [tex] \underline{ \underline{ \mathfrak{Carry \: On \: Learning}}} [/tex] !! ✎
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