Question

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

Answer 1

Explanation:

✧
`\underline{ \underline{ \large{ \tt{G \: I \: V \: E \: N}}}} :`

• Principal ( P ) = $ 4000
• Rate ( R ) = 3 %
• Time ( T ) = 4 months =
  `\ (4)/(12)`

✧
`\underline{ \underline{ \large{ \tt{ T \: O \: \: F\: I\: N \: D}}}} :`

• Interest ( I )

✧
`\underline{ \underline{ \large{ \tt{S \: O \: L \: U \: T \: I \:O\: N}}}} :`

☂
`\boxed{ \large{ \sf{Interest \: ( \: I \: ) = (PTR)/(100)}}}`

~Plug the known values and then simplify !

➝
`\large{ \bf{ (4000 * (4)/(12) * 3)/(100) }}`

➝
`\large{ \bf{ (4000)/(100)}}`

➝
`\large{ \bf{ \frac{4 \: 0 \: \cancel{0 \: 0}}{1 \: \cancel{ 0 \: 0}}}}`

➝
`\boxed{ \large{ \bf{ \$ \: 40}}}`

⟿
`\boxed{ \boxed{ \underline{ \large{ \text{OUR \: FINAL \: ANSWER }: \boxed{ \underline{ \tt{ \$ \: 40}} }}}}}`

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`\underline{ \text{Additional \: Info : }}`

• 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 ! ♡

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Let me know if you have any questions regarding my answer ! ☄

☞
`\underline{ \underline{ \mathfrak{Carry \: On \: Learning}}}` !! ✎

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