1) Find the amount to be paid at the end of 3 years when principal is 1.200 and
of interest is 12% p. a
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Answer:
Hence, value of interest will be Rs. 432 while the value of Amount will be Rs. 1632
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. 1200
Rate = 12% annum
Time = 3 years
As we know that,
The value of simple interest can be determined by using the formula,
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,
Hence, value of simple interest will be Rs. 432
And value of amount can be determined by using the formula
So, value of amount will be
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