Question

Find the amount to be Paid at the end of 3 years in the each case principal 1200 at 12 percent p. a.

Answer 1

I = PTR/100

T = 3 years

P = 12%

R = 1200

I = PTR/100

I = 12 x 3 x 1200 / 100

I = ₹432

A = 1200 + 432

A = ₹1632