Find the interest on $₨ 12, 000$ at $8 %$ p.a. for $4$ years.

Open in App

Solution

Given:
Principal $= ₨ 12, 000$
Rate of Interest $= 8 %$ p.a
Time $= 4$ years
We know that
Simple interest $= \frac{P \times R \times T}{100}$
Then,
Simple interest $= \frac{12000 \times 8 \times 4}{100}$
$= 120 \times 8 \times 4 = 3840$
Hence, the interest is $₨ 3840$ .

Suggest Corrections

Similar questions

Q. What is the difference between the simple interest and compound interest accrued on Rs.

12, 000

16

% p.a. for two years?

The simple interest on a certain sum for $5 y e a r s$ at $8 % p . a .$ is $R s 200$ less than the simple interest on the same sum for $3 y e a r s$ and $4 m o n t h s$ at $18 % p . a .$ find the sum.

Q. Find the compound interest on Rs. 12,000 for 2 years at 4% per anum.

Simple interest on a certain sum for $2 \frac{5}{2} y e a r s$ at $10 % p . a .$ is $R s 975$ more than the simple interest on the same sum for $3 \frac{1}{2} y e a r s$ at $8 % p . a .$ find the sum and what will be the amount in $4 y e a r s$ at $7 % p . a .$ simple interest.

Q. The simple interest on a certain sum of 5 years at 8%p.a is rs 200 less than the simple interest on the same sum for 3 years and 4 months at 18%p.a. Find the sum.

Join BYJU'S Learning Program

Find the interest on ₨12,000 at 8% p.a. for 4 years.

Given:Principal =₨12,000Rate of Interest =8% p.a Time=4yearsWe know that Simple interest =P×R×T100Then,Simple interest =12000×8×4100 =120×8×4=3840 Hence, the interest is ₨3840.

Find the interest on $₨ 12, 000$ at $8 %$ p.a. for $4$ years.

Given:
Principal $= ₨ 12, 000$
Rate of Interest $= 8 %$ p.a
Time $= 4$ years
We know that
Simple interest $= \frac{P \times R \times T}{100}$
Then,
Simple interest $= \frac{12000 \times 8 \times 4}{100}$
$= 120 \times 8 \times 4 = 3840$
Hence, the interest is $₨ 3840$ .