Answer:
make the answwer a decimal
Step-by-step explanation:
the fraction need to be a decimal
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.
I believe it is option choice A, because that is the most reasonable and efficient
48 I believe :) pls like I need points
The picture is how I solved it and it will be correct
