Given that loan amount P=20000
Interest rate r=5% = 0.05
Time of loan t=4 years
Now to find the interest amount we just plug those values into formula
simple interest = P × r × t
simple interest = 20000* 0.05* 4
simple interest = 1000 * 4
simple interest = 4000
Hence final answer is choice b. $4000.
Answer:
Step-by-step explanation:
a=3
b=-5
c=2
Answer:
$ 23.55
Step-by-step explanation:
143.35*.15=21.5025 + 143.35 = $164.8525/7 = $ 23.5503571429