Question

the simple interest on rs 6000 at 8% p.a. for 1 year is ___​

Answer 1

$principal = 6000 \\ rate = 8\% \: p.a. \\ time = 1year \\ simple \: intrest = \frac{p \times r \times t}{100} \\ si = \frac{6000 \times 8 \times 1}{100} \\ si = 480$

Answer 2

Given:

Principal amount = ₹6000

Rate of interest = 8% per annum

Time for investment = 1 year

To find:

the simple interest on the principal amount

Solution:

The simple interest on a given amount of money is calculated by multiplying the principal amount deposited, the rate of interest paid by the bank and the time period for which the deposit was made.

The formula is

Simple Interest = Principal amount × Rate of interest × Time for investment

Substituting the values in the formula

= 6000 × $\frac{8}{100}$ × 1

= ₹480

Therefore, the simple interest on ₹6000 at 8% p.a. for 1 year is ₹480.