10,752 for 3 years at 12-% p.a., interest being payable yearly.
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Answer:
interest= principal× no.of year × rate of interest
= 10752 × 3 × 12% ........eq(a)
rate of interest = 12%
=12÷ 100
rate of interest =0.12 ... put in eq(a)
simple interest = 10752 ×3 ×0.12
=3,870.72 Rs.
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