Question

find the amount to be paid at the end of 3 years if the principal is rupees 2400 at 3% interest p a​

Answer 1

I hope it is helpful for you all..

Answer 2

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,

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

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,

$SI = \frac{2400 \times 3\times 3}{100} \\= 24 \times 3\times 3\\=>24 \times 9\\=>Rs.\:216$

Hence, value of simple interest will be Rs. 216

And value of amount can be determined by using the formula

$Amount = Principal + SI$

So, value of amount will be $Rs.\:2400+Rs.\:216 = Rs.\:2616$