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1. Calculate Si on 16000 Rupees for 2 years at 2.5% per annum
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- SI is Rs. 800.
Step-by-step explanation:
Given:-
- Principal (P) = Rs. 16000.
- Time period (t) = 2 years.
- Rate of interest (r) = 2.5%
To find:-
- Simple interest.
Solution:-
We know that,
In which,
- P , r and t are principal , Rate of interest and time period respectively.
P = Rs. 16000
r = 2.5 = 5/2%
t = 2 years
Put the values in formula :
Therefore,
Simple interest is Rs. 800.
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