Question

Calculate the simple interest on rupees 5600 at the rate 12% per annum also find the amount to be paid at the end of 3 years. PLEASE DO IT FAST . I'LL MARK U AS BRAINLIEST .

Answer 1

Interest = 5600 ×12×3/100 =2016
amnt =2016 +5600 =7616

Answer 2

Given:

• Principal amount (P) = Rs. 5600
• Annual interest rate (R) = 12%
• Time (T) = 3 years.

To Find:

• Simple Interest(S.I.)
• Amount to be paid at the end of three years.

Solution:

• To find the simple interest, we are using the following formula.
• Simple Interest, S.I. = P*R*T
• We need the answer in rupees and not in percentage so the formula becomes,
• Simple Interest, S.I. = $\frac{P*R*T}{100}$
• Where, P - Principal amount, R - Annual interest rate, T = Time.
• Substitute the given values we get,
• S.I. = $\frac{5600*12*3}{100} =\frac{ 201600}{100} =2016$
• Amount to be paid at end of the year = 2,016+5600 = 7,616

Simple Interest, S.I. = Rs. 2,016.

Amount to be paid at end of three years = Rs. 7,616.