00:01
Now, in this problem we are given that elmo borrowed $3 ,550 from his brother.
00:09
So this is a principal amount basically and he agreed to repay his brother in six months with a simple interest of 4 % annually.
00:21
Now time period is six months.
00:23
Six months means half a year, right? so i can write half year.
00:30
Now there are two parts that we need to solve.
00:34
In the a part, we need to find that how much will the interest amount to.
00:41
So interest is what? prt, right? this is the interest.
00:46
So principal amount is 3 ,150.
00:50
Rate of interest annually is 4%.
00:52
4 % means 0 .04...