Question
Find the interest produced in 4 years by a capital of Q10,000 lent at 9% with annual simple interest.
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Answer to a math question Find the interest produced in 4 years by a capital of Q10,000 lent at 9% with annual simple interest.
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Solution:
1. Given:
- Principal (P): Q10,000
- Rate (R): 9%
- Time (T): 4 years
2. Use the formula for simple interest:
- Simple Interest (SI) =\frac{P \times R \times T}{100}
3. Substitute the given values into the formula:
- SI =\frac{10000 \times 9 \times 4}{100}
4. Calculate the simple interest:
- SI =\frac{360000}{100}
- SI = Q3,600
The simple interest earned is Q3,600.
1. Given:
- Principal (P): Q10,000
- Rate (R): 9%
- Time (T): 4 years
2. Use the formula for simple interest:
- Simple Interest (SI) =
3. Substitute the given values into the formula:
- SI =
4. Calculate the simple interest:
- SI =
- SI = Q3,600
The simple interest earned is Q3,600.
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