Question

Find the simple interest on a principal of Rs.
16000 in 2- yr at 8-% per annum
(a) Rs. 2860 (b) Rs. 3400
(c) Rs. 1840 (d) Rs. 4200
(e) None of these​

Answer 1

Answer:

The simple interest on the principal of Rs. 16,000 in 2 years at 8% p.a. is Rs, 2,560

Step-by-step explanation:

The formula to compute the simple interest is:

$SI=\frac{P\times r\times t}{100}$

Here,

P = principal, r = rate of interest and t = time period.

Given:

P = Rs. 16,000

r = 8% per annum

t = 2 years

Compute the simple interest on the principal of Rs. 16,000 as follows:

$SI=\frac{16000\times 8\times 2}{100}\\=160\times8\times2\\=2560$

Thus, the simple interest on the principal of Rs. 16,000 is Rs, 2,560.

Answer 2

Answer:

16000×8×2/100

160×8×2

= 2560