Question

Find the amount :principle=8000₹,Rate=5%p.c.pa.time=3year

Answer 1

Step-by-step explanation:

A= P+I

= 8000+1200

=9200

Answer 2

Answer :-

Given :-

• Principal = ₹ 8000
• Rate = 5% p.c.p.a.
• Time = 3 years

To Find :-

• Amount

Solution :-

We know that,

Simple interest = P × R × T / 100

Substituting the value in formula :-

Simple interest = 8000 × 5 × 3 / 100

→ SI = 80 × 5 × 3

→ SI = 400 × 3

→ SI = 1200

→ Simple interest = ₹ 1200

Now, we have simple interest and principal.

We know that,

→ Amount = Principal + Simple interest

Substituting the value in formula :-

→ Amount = 8000 + 1200

→ Amount = 9200

Amount = ₹ 9200