Question

1: What interest is to be paid for Rs. 16,000 borrowed for 2 years at the rate of 4% per annum?​

Answer 1

$\sf{\bold{\blue{\underline{\underline{Given}}}}}$

principal (p)=16000$

Time period (t)=2 years

Rate of interest (r)=4%⠀⠀⠀⠀

$\sf{\bold{\red{\underline{\underline{To\:Find}}}}}$

■ what intrest to be pay??? ■⠀⠀⠀

$\sf{\bold{\purple{\underline{\underline{Solution}}}}}$

Here,

p=16000

t=2

r=4%

so,

simple interest =

$\boxed{\underline{\underline{\mathcal\color{red}{S.I=\frac{p×t×r}{100}}}}}$

$\rightsquigarrow{\frac{16000×2×4}{100}}$

$\rightsquigarrow{\frac{\cancel{16000}×2×4}{\cancel{100}}}$

$\rightsquigarrow{160×2×4}$

$\rightsquigarrow{1280}$

$\sf{\bold{\green{\underline{\underline{Answer}}}}}$

$\therefore$ 1280rupees intrest to be paid .