find the amount to be paid at the end of 3 years if the principal is rupees 2400 at 3% interest p a
Answers
Answer:
Given Principal (P) = Rs. 2400 Rate (R) = 9%
Time (T) = 3 years 5 months and 15 days =
24
83
years
To find simple interest and he amount Simple interest =
100
PRT
=Rs.2400×
100
9
×
24
83
=Rs.747
And the amount = Rs.2400 + Rs. 747 = Rs. 3147
Answer:
Hence, value of interest will be Rs. 216 while the value of Amount will be Rs. 2616
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. 2400
Rate = 3% annum
Time = 3 years
As we know that,
The value of simple interest can be determined by using the formula,
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,
Hence, value of simple interest will be Rs. 216
And value of amount can be determined by using the formula
So, value of amount will be