Question

Calculate the simple internest on RS 5600 for 3 years at the rate of 12 percent per annum . Also , find the amount to be paid at the end of 3 years

Answer 1

Answer:

I = Rs.2016 and Amount = Rs. 5600 + 2016 = Rs.7616

Step-by-step explanation:

I = P*R*T/100

P = 5600

R = 12%

T = 3 YEARS

I = 5600*12*3/100

I = 56*12*3

I = 2016

Amount = P + I = 5600 + 2016 = Rs.7616