Question

The interest on Rs. 16000 at 5% rate of interest for 1.5 years is __________

Answer 1

Step-by-step explanation:

P= Rs 16000

R=5% per annum

T=1.5 yrs or 3/2yrs

I=P×R×T/100

or, 16000×5×3/100×2

or, 80×5×3

or, 400×3

=rs12000

Answer = RS 12000

Answer 2

Answer:

This is the required answer.