Question

Find the simple interest on $16,000 for 3 years at the rate of 8% p.a. Also find the total amount due after 3 years.

Answer 1

Answer:A= $19840

Step-by-step explanation:

SI= PTR/100

  = 16000*3*8/100

  =$ 3840

A= SI+P

  = 16000+3840

  = $19840

hope this helps you

Answer 2

$\bold{given : } \\ \\ amount \: borrowed \: - \: 16000 \: rs \: \\ \\ time \: given \: - \: 3 \: yrs \: \\ \\ rate \: of \: interest \: - \: 8\% \\ \\ \\ \\ \bold{formula \: for \: simple \: interest : } \\ \\ \bold{\frac{p \times n \times r}{100}} \\ \\ here : \\ \\ p \: = amount \: borrowed \: \\ \\ n \: = time \: given \: \\ \\ r \: = \: rate \: of \: interest \: \\ \\ \\ \\\bold {simple \: interest : } \\ \\ \frac{16000 \times 3 \times 8}{100} \\ \\ 160 \times 3 \times 8 \\ \\ \bold{3840 \: rs }\: \\ \\ \\ \\ \bold{amount : } \\ \\ simple \: interest \: + \: amount \: borrowed : \\ \\ 3840 \: + \: 16000 = \bold{19840 \: rs \: }$