Question

- Simple interest of $80,000 for 1 month at 18% rate of interest is​

Answer 1

Answer:

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Answer 2

$\fbox\blue{A}\fbox\pink{N}\fbox\red{S}\fbox\green{W}\fbox\orange{E}\fbox\purple{R}$

Principle = $ 80,000

Rate = 18%

Time = 1 month = $\frac{1}{12}\:year$

$simple \: interest = \frac{p \times r \times t}{100}$

$= > \frac{80000 \times 18 \times \frac{1}{12} }{100}$

$= > 800 \times 18 \times \frac{1}{12}$

$= > 800 \times 6 \times \frac{1}{4}$

$= > 800 \times 3 \times \frac{1}{2}$

$= > 400 \times 3$

$\large{\fcolorbox{aqua}{indigo}{Simple\:interest\:=\:1200\:Dollars}}$