Question

find the amount to be paid at the end of 3 years if the principal=Rs1,200 at 12% p.a.

Answer 1

Given:-

Principal (P) =₹1200

Rate = 12% per annum

To find:-

The amount paid at the end of 3 years

Solution:-

Formula used:-

S.I$\rm \color{fuchsia} = \dfrac{PRT}{100}$

S.I $\rm \color{lime} = \dfrac{1200×3×12}{100}$

S.I $\rm \color{fuchsia}{=₹432}$

$\bf\color{magenta}{---------------}$

Therefore, Amount=Principal+Interest

ㅤㅤㅤ=₹1200+₹432

$\huge\rm \color{lime}{=₹1632}$

Hence the amount is ₹1632