Question

The simple interest on rs. 6500 for 4 years at 8% p.A. Is

Answer 1

Answer:

interest =principal *rate*time/100

6500=p*8*4/100

p=8*4/6500*10

p=20312.5

Answer 2

The Simple Interest is Rs.2080

Explanation:

Given:

1. The principle is Rs. 6500 for 4 years at 8% per Annum

To find:

The Simple Interest

Formula:

$Simple Interest = \frac{pnr}{100}$

SIMPLE INTEREST:

If the interest is paid in the principal as it falls due,  it is called simple interest

Solution:

==> Principal = Rs.6500

==> n = 4 years

==> r = 8%

==> Apply the values in the formula

==>Simple Interest = $\frac{pnr}{100}$

==> S.I = $\frac{6500\times4\times8}{100}$

==> S.I = 65×4×8

==> S.I = 260×8

==> S.I = Rs.2080

The Simple Interest is Rs.2080