find the amount to be paid at the end of 3 years if principal is rupees 1200 at 12% p.a
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Another type of question
Find the amount to be paid at the end of 3 years in each case- principal= Rs7,500 at 5% p.a.
Answer:-
₹ 8625
Step-by-step explanation:-
P = ₹7500
R = 5%
T = 3 years
S.I. = ₹1125
Now, for finding Amount,
A = P + I
A = 7500 + 1125
A = ₹8625
Therefore, Amount paid at the end of 3rd year = ₹8625
Here,
P = Principal
R = Rate
T = Time
S.I. = Simple interest
A = Amount
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