Question

7. what will be the Interest pald on Ro 20000 after 3 years at the rate of 12%
p.a
O 7500
O 7200
7300
O 7000​

Answer 1

Answer:

7200

Step-by-step explanation:

We know that I=Prt/200

Here P=20000 Rs.

r=12%

t=3 years

I=interest.

Therefore, I=Prt/100

I=20000×12×3/100 = 7200 Rs.