The interest will be 8973.59 approx.
Chat with our AI personalities
in one year a sum of 4000 will earn rs 400 as interest at 10 percent pa
3
1200 rate*money invested*interest(divided by a 100) 5*4000*.06=1200
The interest is 300% per year.
6% of $4,000 = $240 .If it's paid 5 times, he receives (240 x 5) = $1,200 .