Question

If Rs. 16,000 is invested at 12 percent simple annual interest, how much interest is earned after 6 months? (1) Rs. 100 (2) Rs. 440 (3) Rs.660 (4) Rs. 960​

Answer 1

Answer:

the answer is 960 i got it

Answer 2

As per the details provided in the question.

In the above question, we have the details as follow.

Principal = Rs. 16000

Rate = 12%

Time period = 6 months.

As we know that,

For determining the value of SI, time period must be in years.

So, for converting the given time period which is in month to years we will divide it by 12.

So, we will get $=\frac{6}{12} = \frac{1}{2} = 0.5 \:years$

As we know that,

We have formula of SI as,

$SI = \frac{PRT}{100}\\=>SI = \frac{16000 \times 12 \times 0.5}{100} \\=>SI = 960\:Rs.$

Hence, interest on the given amount will be Rs. 960.

So, option (4) will be correct choice.