Calculate the simple interest on rs. 8000 for 15 months at 6 paise per rupee per month

General
1

calculate the simple interest on rs. 8000 for 15 months at 6 paise per rupee per month.

2

To calculate the simple interest on rs. 8000 for 15 months at a rate of 6 paise per rupee per month, we can use the following formula:

Simple Interest = (Principal * Rate * Time) / 100

Where:
Principal = rs. 8000
Rate = 6 paise per rupee per month
Time = 15 months

Let’s plug in the values into the formula and calculate the simple interest:

Principal = rs. 8000
Rate = 6 paise = 0.06 rupees per rupee per month
Time = 15 months

Simple Interest = (8000 * 0.06 * 15) / 100
Simple Interest = 720

Therefore, the simple interest on rs. 8000 for 15 months at a rate of 6 paise per rupee per month is rs. 720.