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
68℅
Explanation
17/25 =
17 ÷ 25 =
0.68 =
0.68 × 100/100 =
0.68 × 100% =
(0.68 × 100)% =
68%;
Hope that this helps you and have a great day :)
The key is to cross 1 number from both sides till you get to the middle last number so the answer is 4
