Question

Find the Simple interest on ₹16000 for 13 year at 9% per annum​

Answer 1

In context of question asked,

We have to determine the value of SI.

As per question,

We have,

P = Rs. 16000

Time Period = 13 years

Rate percentage = 9%

As we have the formula for finding the SI

So, we will apply the formula,

$SI = \frac{P\times R \times T}{100}$

So, we will put the value of P, R and T in above equation,

We will get,

$SI = \frac{16000\times 9 \times 13}{100}\\=>SI =160 \times 9 \times 13\\=>Si =Rs.\: 18720$

Hence, value of SI will be Rs. 18720.