Question

0.3 Find the simple interest and amount to be paid at the end of 3 years if Principal is Rs. 12000 and rate of interest is 10% per annum.​

Answer 1

Answer:

Simple interest = $\frac{PNR} {100} = \frac{12000 * 3 * 10}{100} = 120 * 3 * 10 = 3600$

SI = Rs. 3600

Answer 2

Answer:

Hence, value of interest will be Rs. 3600 while the value of Amount will be Rs. 15600

Step-by-step explanation:

In context to question asked,

We have to determine the value of interest paid.

As per question,

We have,

P = Rs. 12000

Rate = 10% annum

Time = 3 years

As we know that,

The value of simple interest can be determined by using the formula,

$SI = \frac{PRT}{100}$

So, for determining the value of Interest we will put the value of P, R and T given in the question in above formula,

Thus we will get,

$SI = \frac{12000 \times 10\times 3}{100} \\= 120 \times 10\times 3\\=>360 \times 10\\=>Rs.\:3600$

Hence, value of simple interest will be Rs. 3600

And value of amount can be determined by using the formula

$Amount = Principal + SI$

So, value of amount will be $Rs.\:12000+Rs.\:3600= Rs.\:15600$