Question

ศ.1 2.1 Calculate Interest and Amount? P=12000, r=12% t=2 yrs
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Answer 1

Answer:

Solution:

Principle(p)= 12000

Rate(r)=12%

Time(t)=2 yrs

Interest(SI)=?

Now,

using formula,

SI=P×T×R/100

or, SI=12000×2×12/100

or, SI=120×2×12

or,SI=240×12

or, SI=2880

hence, Interest=2880

Amount=Principal+Interest

=12000+2880

=14880

Hence, Amount=14880