Find the amount to be paid at the end of 3 years in each case:
(a) Principal = Rs.12, 000 at 12% p.a
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3
Answer:
principal = Rs 12000
rate =12%p.a.
time =3 years
simple interest :-
12000×12×3/100= Rs.4320
amount to be paid = p+ simple interest
=12000+4320
=Rs 16320
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