Question

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 ​

Answer 1

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.

Answer 2

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