Question

Find the simple interest on Rs. 16,000 for 3 years at 8%.
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Answer 1

Answer:

SI=P×R×T÷100

=16000×8×3÷100

=1840

Step-by-step explanation:

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Answer 2

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Find the simple interest on Rs. 16,000 for 3 years at 8%.

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Given:-

principal value =Rs 16,000

Time period=3 years

Rate of interest =8%

FORMULA For finding simple interest is given below:-

$\bold{\boxed{\red{ = > SI= \frac{P \times R \times T}{100}}}}$

$\bold{= > \frac{16000 \times 3 \times 8}{100}}$

$\bold{= > \frac{48000 \times 8}{100} }$

$\bold{= > \frac{384000}{100} = 3840}$

Hence,The simple interest for 3 years @8% is Rs 3840

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