Question

Find the simple interest on 8000 for 3years at 8% per annumfind the simple interest on 1000 for 3 years at 8% per annum

Answer 1

P = Principal , T = Time , R = Rate per annum , S.I. = Simple Interest

1) P = 8000

T = 3

R = 8%

S.I = (PRT)/100

= (8000×3×8)/100

= 1920

2) P = 1000

T = 3

R = 8%

S.I = (PRT)/100

= (1000×3×8)/100

= 240