Posted by Anonymous on Tuesday, March 3, 2009 at 12:49pm.
INTEREST= PRINCIPAL X INTEREST X TIME
= 4000 X 6 X 5
( YOU HAVE TO DIVIDE THE INTEREST RATE BY 100 WHICH WILL GIVE U .06)
= 4000 X .06 X 5
= 24 X 5
= 120
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