Find the Simple Interest on ₹ 16,000 invested at the rate of 8 p.c.p.a for 5 years​

1 thought on “Find the Simple Interest on ₹ 16,000 invested at the rate of 8 p.c.p.a for 5 years​”

1. Answer:

   Rs. 6400

   Step-by-step explanation:

   Interest = (P × R × T)/100 = (16000 × 8 × 5)/100 = 640000/100 = Rs. 6400

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