A sum of2500 is borrowed at a rate of 12% per annum for 3 years find the sinple interest on this sum and also the amount to be paid at the end of 3 years
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Answered by
4
Answer:
Given: P=2500,R=12%, T=3years
SI= PRT/100
(2500×12×3)/ 100 = 900
∴ Amount to be paid after 3 years is 2500+900=Rs.3400.
Answered by
6
Simple Interest = ₹900
Amount = ₹3400
Step-by-step explanation:
GIVEN
Principal = ₹2500
Rate = 12%
Time = 3 years
___________________________
TO FIND
Simple Interest , Amount
___________________________
We know that,
Simple Interest = ( Principal × Rate × Time ) / 100
Simple Interest = ( 2500 × 12 × 3 ) / 100
Simple Interest = ( 90000 ) / 100
Simple Interest = 900
Simple Interest = ₹900
___________________________
We know that,
Amount = Principal + Simple Interest
Amount = 2500 + 900
Amount = 3400
Amount = ₹3400
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