Question

Arish borrowed rs 10000 from a bank for 3 years at 12% per annum what amount will clear off his debt?

Answer 1

Principal = 10,000

Rate = 12%

Time =3 year

If it is simlple interest than
Si = P*R*T/100
$\frac{10000 \times 12 \times 3}{100}$
10000 will be divided by 100 and it will be 100

= 100*12*3
=3600

A =10000+3600
A=13600
YOUR ANSWER IF SIMPLE INTEREST IS GIVEN DOWN

NOTE :IF IT IS COMPOUNDED ANNUALLY

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