Question

What could be the simple interest obtained on an amount rupees 4540 @ 8% per annum after 8 years?

Answer 1

Answer:

GIVEN :

principal amount =4540

rate=8%

time= 8 years

now we need to calculate simple interest...

now, using formula PRT/100

SIMPLE INTEREST = 4540 *8*8/100 =2905.6

Answer 2

This is the required answer.