Question

find the amount on a sum of Rs 500 for 3 years at 12%pe annum.

Answer 1

hey friend,
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here, Principle(P) = ₹500
Time(T) = 3yrs
Rate (R) = 12% p.a.

We know,
S.I. = PRT/100
= ₹500×3×12/100
= ₹5×3×12
= ₹180

Amount = S.I.+ P
= ₹(180+500)
= ₹ 680
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