Find the simple interstate on $16,000 for 3 years at the rate of 8% p.a. Also find the total amount due after 3 years.
Answers
Answered by
1
Answer: SI is $3840 and total amount is $19840
Step-by-step explanation:
u should know si= prt/100
therefore si = 16000*8*3/100 = $3840
if the si is $3840 then the total amount is $19840
hope this helps
Answered by
3
given data , P = $16,000
rate of p.a (r) = 8%
time (t)= 3
we know
I = (P×t×r)/ 100
=(16000×3×8)/100
= $ 3840
answer ..
rate of p.a (r) = 8%
time (t)= 3
we know
I = (P×t×r)/ 100
=(16000×3×8)/100
= $ 3840
answer ..
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