The simple interest on Rs 5000 for 4 years at the rate of 8% per annum will be
Answers
Answered by
2
Answer:
Simple Interest = ₹ 1600
Step-by-step explanation:
Simple Interest = Principal × Rate × Time /100
Simple Interest = 5000× 8 × 4 / 100
Simple Interest = 50×32
Simple Interest = 1600
ThAnKs!
Answered by
0
Answer:
Interest will be 1600.
Step-by-step explanation:
P = Principal Amount
R = Rate of interest
T = Time
Simple Interest (S.I.) = (P x R x T) / 100
S.I. = (5000 x 8 x 4) / 100
S.I. = 50 x 32
S.I. = 1600
Similar questions