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Calculate the simple interest on 5000 at a rate of 8%p.a over 4 years
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9 votes
9 votes
Calculate the simple interest on 5000 at a rate of 8%p.a over 4 years

User Latasha
by
3.1k points

2 Answers

6 votes
6 votes

Answer:

Solution,

SI=PTR/100

= 5000*4*8/100

=1600

User Beengie
by
3.6k points
5 votes
5 votes
Answer: 1600

Explanation:

Principal (P) = 5000
Rate (R) = 8%
Time (T) = 4 years
S.I = PRT/100

Therefore,
= PRT/100
= (P * R * T)/100
= (5000 * 8 * 4)/100
= (40000 * 4)/100
= 160000/100
=> 1600

Therefore, S.I = 1600

User Mark Connell
by
3.2k points
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