Question

if principal =8000 time=3 year and 3 months rate=3percent per annum what is interest​

Answer 1

Answer:

Principal = 8000

Time = 3yrs

Rate of interest = 3 per cent per annum

Interest = Principal x Rate of interest x Time /100 = 8000 x 3 x 3 / 100 = 720

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Step-by-step explanation:

Answer 2

Principal = 8000

Time = 3 year 3 months

= 13/16

( 4 years = 48 months

3year 3 months = 39 months

39/48 = 13/16)

Rate = 3%

PTR/100 = 8000×13/16×3/100

= 8000×13×3/100×16

= 195

Interest = 195