Question

Find the amount,when principal is 10,000 rs. at rate of 12% P.A for three years on simple interest.

Answer 1

Answer:

simple interest = P*R*T/100

=10000*12*3/100

=3600

amount =principal + interest

=10000+3600

=13600 rs

Hope this helps you out

Answer 2

Heya mate !! How are you ??

Here is the solution of your question :-

Question :-

Find the amount when principal is Rs. 10000 at 12% / annum for 3 years on simple interest .

Solution :-

Given,

Principal = Rs. 10000

Rate % = 12 %

Time = 3 years

SI = P × R × T / 100

=> 10000×12×3/100

=> 1200×3

=> 3600

SI = Rs. 3600

Amount = SI + P

=> 10000+3600

=> 13600

Hence , the required amount is Rs. 13,600 .