Register
Calculate the simple interest on 5000 at a rate of 8%p.a over 4 years
34.3k views
9 votes
Calculate the simple interest on 5000 at a rate of 8%p.a over 4 years

User Latasha
by
7.1k points

2 Answers

6 votes

Answer:

Solution,

SI=PTR/100

= 5000*4*8/100

=1600

User Beengie
by
7.8k points
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
8.2k points
Ask a Question
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

8.8m questions

11.4m answers

Other Questions

How do you can you solve this problem 37 + y = 87; y =
What is .725 as a fraction
How do you estimate of 4 5/8 X 1/3
A bathtub is being filled with water. After 3 minutes 4/5 of the tub is full. Assuming the rate is constant, how much longer will it take to fill the tub?
i have a field 60m long and 110 wide going to be paved i ordered 660000000cm cubed of cement  how thick must the cement be to cover field
Link Copied!