Question

calculate the simple interest on ₹5600 for 3 years at the rate of 12 percent annum.also, find the amount to be paid at the end of 3 years.

Answer 1

Principal=₹5600
Rate of interest=12% per annum
Time=3 years
Simple Interest=P×R×T/100
=₹5600×12×3/100
=₹2016
Amount=P+SI
=₹5600+₹2016
=₹7616

Answer 2

Step-by-step explanation:

Using the formula of C. I. :-

Where,

p = 5,600

t = 3 years

r = 12%

Now,

= S. I. = p × r × t/100

= 5600*3*12/100

= 2,016 ans.

Amount to be paid is 5,600 + 2,016

= 7,616 ans.