Question

Find C.I. at the rate of 5%p.a. for 3 years on the principal, which gives Rs. 1200 as at same rate of simple interest and for same period.​

Answer 1

Answer:

A=Px(1+R÷100)

1200x(1+5÷100)

1200x100+5÷100

1200x105÷100

1200x21÷20(reducing with the table of 5)

A=1260

C.I=A-P

1260-1200

ANS=60