Question

Find the Simple Interest on 16,000 at $7\frac{1}{2}$% p.a. for 2 years and 6 months.

Answer 1

Your answer lies in the attachment.

Answer = Rs. 3000

Answer 2

$\huge{\mathfrak{\underline{\underline{Solution:}}}}$



$\sf{\large{\underline{\underline{Given \colon}}}}$

$\sf \bigstar \: Principal = Rs. \: 16,000 \\ \\ \sf \bigstar \: Rate = 7 \dfrac{1}{2} \% \\ \: \: \: \: \: \: \: \: \: \sf \: \: \: \: \: \: = 7.5\% \\ \\ \sf \bigstar \: Time = 2 \: years \: and \: 6 \: month \\ \: \: \: \: \: \: \: \: \: \sf \: \: \: \: \: \: \: = 2.5 \\\\ \\ \sf{\large{\underline{\underline{Step \: by \: Step \: Explanation\colon}}}} \\ \\ \\ \: \boxed{ \bf Simple \: Interest = \sf \frac{P \times R \times T}{100}} \\ \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \sf = \frac{16000 \times 7.5 \times 2.5}{100} \\ \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \sf = \frac{3000\cancel{00}}{1 \cancel{00} } \\ \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \sf =Rs. \: 3000 \\ \\ \bigstar \: \boxed{ \boxed{ \bf Simple \: Interest = Rs. \:3000}}$