Question

The interest on Rs . 500 for a period of 4 years at the rate of 8% per annum is?​

Answer 1

Hello...❤️...

sɪ= 100/ᴘ∗ʀ∗ᴛ

= 100/500∗8∗4

=ʀs.160

ᴀᴍᴏᴜɴᴛ=500+160=ʀs.660

ɪɴᴛᴇʀᴇsᴛ =ʀs.160, ᴀᴍᴏᴜɴᴛ =ʀs.660

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Answer 2

Answer:

Your answer is 160

Step-by-step explanation:

Formula of Simple Interest=Principal×Time×Rate%

100

So, according to the formula SI= 500×4×8

100

= 5×4×8

= 160

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