Question

Find the simple interest on Rs.16000 at 7% p.a. for 3 years . Also find amount?

Answer 1

Answer:

16000×7×3/100= simple interest=3360

amount=3360+16000=19360

Answer 2

SOLUTION

Given,

Principal= Rs.16000

Rate= 7%

Time= 3 years

Amount= ?

So, we know that,

=)S.I.= P×R×T/100

=) 16000×7×3/100

=) Rs.(160×21)

=)Rs.3360

Now,

S.I.= A-P

=)A= P-S.I.

=) A= Rs.(16000+3360)

=)A= Rs.19360

hope it helps ✔️