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 .
in one year a sum of 4000 will earn rs 400 as interest at 10 percent pa
4000 + 600(15%) = 4600
The answer choices for this question were not provided. You would first have to multiply the interest rate of 6 percent times 4000 which equals 240. Then you would multiply the 240 times 5 which equals 1200. An easier way is to multiply 4000 by 6 percent by 5.
40 x 5 x 5 = 1000
200
20, assuming annual compound interest, 24 if simple interest.
You could probably do this easier but this is how I would do it. .05*4000 = 200+4000 = 4200*.05 = 210+4200 = 4410*.05 = 220.5+4410 = 4630.5 So you will end up with $4,630.50 your welcome
Assuming that the 10 % stated is per year, the investment will earn 0.10 X 20000 = 2000 per year. The years required to earn 4000 will be 4000/2000 = 2.
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 .