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  • 22-11-2019
  • Mathematics
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lohitaksh2005
lohitaksh2005 lohitaksh2005
  • 22-11-2019

Solution:

Simple Interest = Principal Amount × Rate of Interest/100 × Time

Here, Principal Amount = $6000

Rate of Interest =  6%

Time = 4 years

Simple Interest = 6000 × 6/100 × 4 = $1440

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