Question

What is the interest on 1600 rupees at 8 p.c.p.a. for 1 year?​

Answer 1

Question: "What is the interest on 1600 rupees at 8 p.c.p.a. for 1 year?​"

Answer: 128 Rupees

Step-by-step explanation:

= 8% of Rs.1600 for 1 year

= $\frac{8}{100}$ x 1600

After Cancellation:

= 8 x 16

= 128 Rupees