Question

Ravi invested rupees 8000 for 2 years at an interest rate of 8% compounded annually. find simple interest

Answer 1

Answer:

1280

Explanation:

Simple Interest=PRT/100

= (8000×8×2)/100

= 80×16

= 1280

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Answer 2

Answer:1280

Explanation:simple intrest

Is equal to P*R* T DIVIDE By 100

By putting the value 8000*2*8/100

Is equal to 1280