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Answered

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Find the interest on $4,000 at 3% for 4 months

Sagot :

TheAnimeGirl

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]

  • Interest ( I )

✧ [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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