\[ I = P \times r \times t \]

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• \[ SA = 2 \times 74 = 148 \, \text{square centimeters} \]
• A loan of $5,000 is taken out with a simple interest rate of 6% per annum. How much interest is accrued after 4 years?
• Simple interest \( I \) is calculated by:
• Where \( P = 5,000 \), \( r = 0.06 \), \( t = 4 \):
• \[ I = 5,000 \times 0.06 \times 4 = 1,200 \]
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