find Internest and amount if principal = 4200 rs
Answers
Answer:
Given,
Principal amount = Rs. 4200
Interest = 7%
Time = 3 years
To find,
The interest and amount after 3 years.
Solution,
The interest and amount will be Rs. 882 and Rs. 5082 respectively.
We can easily solve this problem by following the given steps.
Now, we know the formula to calculate simple interest (SI):
Principal amount (P)× Rate of interest (R) × Time (T)/100
Principal amount (P)× Rate of interest (R) × Time (T)/100SI = P×R×T/100
To calculate the interest, we need to put the values of P, R and T in the above formula.
SI = 4200×7×3/100
SI = 88200/100
SI = 882
Hence, the interest on the given principal amount will be Rs. 882.
Then,
The total amount after 3 years (A) = Principal amount + Simple interest
A = 4200 + 882
A = 5082
Hence, the total amount after 3 years will be Rs. 5082.
Step-by-step explanation:
THIS IS THE EXPERT ANSWER PLS MARK ME BRAINLIEST