Question

40. Find the Amount to be paid on
16000 rupees borrowed for 1 year at
the rate of 10 % per annum
compounded yearly.​

Answer 1

Answer:

principal =16000

Rate=10%

Time=1years

simple interest = ?

simple interest =p×R×T÷100

16000×10×1÷100

160000÷100

1600

therefore simple interest =1600