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A man deposit Rs 60000 in a bank and earns simple interest at the rate of 10% per year. After 4 months, he withdraws all the money. How much does he receive?

Respuesta :

Answer:

62000

We know that:

[tex]P=60000\\ R=10\ percent \\ T=4[/tex]

Formulate and substitute:

[tex]Substitute[/tex]        [tex]P=6000\\ R=10\ percent\\ T=4[/tex]    [tex]into\ formula[/tex]

[tex]F=P+Prt[/tex]

[tex]F=60000+60000rt[/tex]

Calculate

[tex]\frac{60000\times(12+4\times0.1)}{12}[/tex]

Calculate the product or quotient

[tex]\frac{60000\times(12+0.4)}{12}[/tex]

Calculate the sum or difference

[tex]\frac{60000\times12.4}{12}[/tex]

Cross out the common factor

[tex]5000\times12.4[/tex]

Calculate the product or quotient

[tex]62000[/tex]

I hope this helps you

:)

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