Question

find the amount to be paid to the bank at the end of 3 years for only for 5000 at 12% per year

Answer 1

The answer is Rs. 6800

Therefore,
The amount paid to the bank after the end of 3 years is Rupees Six thousand eight hundred only.

Please refer the above photograph for the used process.

KEY POINTS TO REMEMBER :-

☸️ Simple Interest = (p*r*t) /100



☸️ Amount = Principle + simple Interest


Thanks!

Answer 2

Answer :-

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• Given :-


Principal ( p ) = Rs 5000

Rate per annum ( r% ) = 12 %

Time ( t ) = 3 years


• To find :-


The price to be paid after 3 years.


•Salutation :-


S.I = p t r / 100

S.I = 5000 × 3 × 12 / 100

S.I = 50 × 3 × 12

S.I = Rs 1800


Therefore ,

•°• The price to be paid after 3 years = S.I + Principal = Rs ( 1800 + 5000 ) = Rs 6800 [ ★ Required answer ]

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