Question

Find the amount when
principal= Rs.500
Rate of interest= 8%
Time = 3 year
with solution​

Answer 1

We Know That

Simple interest= P×R×T/100

Soo,

A/Q

PRINCIPAL=500

RATE OF INTEREST=8%

TIME= 3YEARS

SOO,

500×8×3/100=120

SO,

WE KNOW THAT,

AMOUNT=PRINCIPAL+ SIMPLE INTEREST.

A= 500+120= 620

62O IS THE YOUR ANSWER.