Question

Find the simple interest earn on a deposit of Rs. 8000 for 7 years at 5% per annum.​

Answer 1

Answer:

Rs. 3200

Step-by-step explanation:

The formula we'll use for this is the simple interest formula, or:

i = p × r × t

P is the principal amount, Rs. 8000.00.

r is the interest rate, 5% per year, or in decimal form, 5/100=0.05.

t is the time involved, 8....year(s) time periods.

So, t is 8....year time periods.

To find the simple interest, we multiply 8000 × 0.05 × 8 to get that:

The interest is: Rs.3200.00

Usually now, the interest is added onto the principal to figure some new amount after 8 year(s),

Answer 2

here's your answer in the picture!!