I believe the 3rd answer down if the information you provided is correct
Squaring the sum on the top, rules out 1 and 2 (not squaring the 7 only)
then 4 times the difference. so I believe 4 (x-1) on the bottom.
Answer:
Step-by-step explanation:
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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.
