Maths-
General
Easy
Question
Find the simple interest on Rs. 8000 at 16 % per annum for 9 months?
Hint:
Use the formula of simple interest and proceed.
The correct answer is: 1000 Rupees
Complete step by step solution:
We calculate simple interest by the formula,
where P is Principal amount, T is number of years and R is rate of interest
Here, we have
On substituting the known values we get,
On further simplifications, we have rupees.
Thus, SI = 1000 Rupees.
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