the simple interest on rupees 8000 at 8% p.a for one year is?
Answers
Answered by
1
Answer:
Principal= Rs. 8000
Rate of interest= 8%
Time= 1 year
Simple Interest= Principal×Rate×Time/ 100
S.I.= 8000×8%×1/100
S.I.= Rs. 640
Amount= Simple Interest + Principal
Amount= Rs.640 + Rs.8000
Amount= Rs.8640
Answered by
1
Answer:
640
Step-by-step explanation:
formula of simple interest
si = p×r×t/100
p=8000
r=8%
t=1 year
so, 8000×8×1/100
= 64000/100
= 640
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