Question

Find the amount to be paid at the end of 3 years , if the principal amount is ₹ 6800 at 12% p.a​

Answer 1

Answer:

Rs.9248

Step-by-step explanation:

Given :

           T = 3 yrs

           P = Rs.6800

           R = 12%

As we know,

                     Interest =$\frac{P * R * T}{100\\}$

                    ∴ Interest = $\frac{6800 * 12 * 3}{100}$

                    ∴ Interest =  68 * 12 * 3

                    ∴ Interest =  2448

We also know,

                        total value = interest + principal

                        ∴ total value = 2448 + 6800

                        ∴ total value = Rs.9248

Answer 2

Answer:

Rs=7616

Step-by-step explanation:

let the interest on the principal of Rs 6800 is Rs x

on principal Rs100 the interest is Rs12 pcpa

x/6800=12/100

x/6800× 6800=12/100×6800

x=12×680/10

=6800/10

=680

Amount=principal+interest

=6800+816

=Rs 7,616

therefore at the end of year he get Rs 7616