Question

3. Calculate the amount for the following: (a) 4,000 at 9% per annum for 3 years.​

Answer 1

Answer:

1080

Step-by-step explanation:

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Answer 2

Answer:

Amount =1080 Rupees

Step-by-step explanation:

According to the information provided in the question it is given as

Principle amount = p =4000

Rate of interest =r=9%

Time = 3 years

we need to find the amount that is nothing but simple interest

Applying the formula to get the value

$\text { S.I. }=\frac{P \times R \times T}{100}$

$SI= \frac{4000\times 9\times 3}{100} \\SI = \frac{108000}{100}$

Reducing zeros by converting to lowest term

$SI= \frac{1080}{1} \\SI =1080 Rupees$

Hence amount is 1080 Rupees