Question

Calculate the simple interest on rs.16000 at the rate of 1.2 percent per month for one 1 year 3 months

Answer 1

Here's your solution...Hope it's brainliest

(1.2=12÷10|1 year 3 month =1+3÷12 year =15×12 yr

Answer 2

Answer:

Step-by-step explanation:

Principal=rs16000

Rate=1.2% per month

Time=1 yr 3 months

= 1×12 +3 months

=15 months

Therefore, simple interest=p×r×t/100

=16000×1.2×15/100

=160×1.2×15(by dividing 100with 16000)

=rs2880(ans.)

Hope it helps you...