Answer:
Simple Interest = Rs1560
Explanation:
A = P (1 + rt)
A = final amount
P = initial principal balance = Rs8000
r = annual interest rate =
% = 0.065
t = time (in years) = 3 years
A = 8000*(1 +(0.065*3)) = 8000*(1+0.195) = 8000*(1.195) = 1560
Simple Interest (A) = Rs1560