What will be the simple interest earned on an amount of Tk. 16,000 in 9 months at the rate of 25/4% p.a. ?

Question: What will be the simple interest earned on an amount of Tk. 16,000 in 9 months at the rate of 25/4% p.a. ?

Solution:
here,
P = 16000
n = 9/12 years = 3/4
r = 25/4%

we know,
I = Pnr
= 16000 × 3/4 × 25/4%
= 750