Question

Find the amount to be paid at the end of 3 year if principal 1200 rupees and rate of
interest is 12% per annum
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Answer 1

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Answer 2

Answer:

Hence, value of interest will be Rs. 432 while the value of Amount will be Rs. 1632

Step-by-step explanation:

In context to question asked,

We have to determine the value of interest paid.

As per question,

We have,

P = Rs. 1200

Rate = 12% annum

Time = 3 years

As we know that,

The value of simple interest can be determined by using the formula,

$SI = \frac{PRT}{100}$

So, for determining the value of Interest we will put the value of P, R and T given in the question in above formula,

Thus we will get,

$SI = \frac{1200 \times 12\times 3}{100} \\= 12 \times 12\times 3\\=>36 \times 12\\=>Rs.\:432$

Hence, value of simple interest will be Rs. 432

And value of amount can be determined by using the formula

$Amount = Principal + SI$

So, value of amount will be $Rs.\:1200+Rs.\:432 = Rs.\:1632$