Question

A sum of rs 800 is lent for 1 year at the rate of 18% per annum. find the simple interest?

Answer 1

SI=800×1×18/100
=144

Answer 2

Answer:

$144

Step-by-step explanation:

Principal = Rs.800

Time = 1 year

Rate of interest = 18%

We are supposed to find the simple interest

Formula : $Si = \frac{P \times R \times T}{100}$

Substitute the values

$Si = \frac{800 \times 18 \times 1}{100}$

$Si =144$

Hence the simple interest is $144