Question

What will be the simple interest on rs. 80,000 at 16(2/3) % per annum for 9 months?

Answer 1

Answer:

This is your desired answer!!!

Answer 2

The simple interest is Rs.10,000.

Step-by-step explanation:

Given : Rs. 80,000 at 16(2/3) % per annum for 9 months.

To find : What will be the simple interest ?

Solution :

The simple interest formula is

$SI=P\times R\times T$

Where, P is the principal P=Rs.80000

R is the interest rate $R=16\frac{2}{3}\%=\frac{50}{3}\%=\frac{50}{300}$

T is the time t=9 months

Converting months into years,

1 month = $\frac{1}{12}$ years

9 months = $\frac{9}{12}=\frac{3}{4}$ years

Substitute the values,

$SI=80000\times \frac{50}{300}\times\frac{3}{4}$

$SI=10000$

Therefore, the simple interest is Rs.10,000.

#Learn more

What will be the rate of interest if, Rs. 52.00 is the simple interest for the principle of Rs. 325.00 in 4 years?​

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