Question

Principal=16000 Rate=5% Time=3

Answer 1

The interest will be 2400.

Answer 2

Answer:

Given :-

• Principal = Rs 16000, Rate of Interest = 5%, Time = 3 years.

To Find :-

• What is the simple interest.

Formula Used :-

$\clubsuit$ Simple Interest or S.I Formula :

$\longrightarrow \sf\boxed{\bold{\pink{S.I =\: \dfrac{P \times R \times T}{100}}}}$

where,

• P = Principal
• R = Rate of Interest
• T = Time Period
• S.I = Simple Interest

Solution :-

Given :

• Principal = Rs 16000
• Rate of Interest = 5% p.a
• Time = 3 years

According to the question by using the formula we get,

$\implies \sf S.I =\: \dfrac{16000 \times 5 \times 3}{100}$

$\implies \sf S.I =\: \dfrac{16000 \times 15}{100}$

$\implies \sf S.I =\: \dfrac{2400\cancel{00}}{1\cancel{00}}$

$\implies \sf S.I =\: \dfrac{2400}{1}$

$\implies \sf\bold{\red{S.I =\: Rs\: 2400}}$

$\therefore$ The simple interest is Rs 2400 .