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,  S I equals fraction numerator P T R over denominator 100 end fraction
    where P is Principal amount, T is number of years and R is rate of interest
    Here, we have P equals 8000 comma T equals 9 over 12 text  and  end text R equals 16 2 over 3 equals 50 over 3
    On substituting the known values we get, S I equals fraction numerator 8000 cross times 9 over 12 cross times 50 over 3 over denominator 100 end fraction
    On further simplifications, we have S I equals 80 cross times 12.5 equals 1000 rupees.
    Thus, SI = 1000 Rupees.

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