Question

Find the Simple Interest and amount on Rs. 1600 at 5% per annum for 2 years​

Answer 1

Answer:

we know,

Simple Interest=principal*time*rate of interest/100

principal =1600/-

time=2yrs

rate of interest =5℅

now,

S. I.=p*r*t/100

S.I.=1600*2*5/100

=16*2*5

. =32*5

... =160

ans=simple interest is 160

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