Calculate the simple intrest on Rs. 5600 for 3 years at rate of 12% per annum. Also, find the amount to be paid at the end of 3 years.
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Answer: Rs7616
Step-by-step explanation: Simple interest = (principal * rate * time)/100
= (5600 * 3 * 12)/100
= 56 * 3 * 12
= Rs2016
so interest = rs 2016
amount paid at the end of three years = Rs5600 + Rs2016 = Rs7616
hope this helps
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