Question

mr ashok sum amount of money will be deposited at 5/2%simple interest for four yearsto get rs. 1600 as interest​

Answer 1

Answer:

Mr. Ashok has deposited 16000 rs.

Step-by-step explanation:

Given,

SI = Simple interest = 1600

R = rate of interest = 5/2%

T = time period = 4 years

Simple interest = PRT/ 100

1600 = P × 5/2 × 4 / 100

1600 = P × 10 / 100

so, P = 16000

Hence , Mr. Ashok has deposited 16000 rs.