Question

Find the amount to be paid at the end of 3 years when principal is₹71200 And rate of interest is 12% p.a.​

Answer 1

Given data,

The principal amount is given as $71200$

The rate of interest per annum is given as $12$%

The time period is $3years$

First we have to find the simple interest

Formula,

Simple interest$=\frac{PTR}{100}$

$P=71200$

$R=12$

$T=3$

Substitute these values in formula,

We get,

$\frac{71200\times12\times3}{100}$

$712\times12\times3$

$25632$

Total amount = Principal amount + Simple interest.

$71200+25632$

$96832$

Therefore, the amount to be paid at the end of $3$ years is $96832$

Answer 2

Answer:

Hence, value of interest will be Rs. 25632 while the value of Amount will be Rs. 96832

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. 71200

Rate = 12% 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,

$SI = \frac{71200 \times 12\times 3}{100} \\= 712 \times 12\times 3\\=>712 \times 36\\=>Rs.\:25632$

Hence, value of simple interest will be Rs. 25632

And value of amount can be determined by using the formula

$Amount = Principal + SI$

So, value of amount will be $Rs.\:71200+Rs.\:25632 = Rs.\:96832$