Question

Find the SI on 16000 for 3 yr 3 months at

4-5% per annum.​

Answer 1

$s.i = \frac{p \times r \times t}{100}$

@4%

$s.i = \frac{16000 \times 4 \times 3 \times 3}{100 \times 12}$

$s.i = 480$

@5%

$s.i = \frac{16000 \times 5 \times 3 \times 3}{100 \times 12}$

$s.i = 600$