Jasim has invested 600 dinars in a business at the rate of 4 % for 3 years. Find his i- simple interst ?

ii- total amount after 3 years

1) Simple interest is 72 dinars

2) Total amount after 3 years is 672 dinars.

Step-by-step explanation:

Principal Amount P = 600 dinars

Interest Rate= 4% = 0.04

Time = 3 years

i) Simple Interest

The formula used to calculate interest is

Putting values and finding interest

So, simple interest is 72 dinars

ii) Total amount after 3 years

The formula to calculate total amount is:

Putting values and finding future amount A

So, Total amount after 3 years is 672 dinars.

y=1/4x-4

step-by-step explanation:

step-by-step explanation:

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