Find the simple interest on Rs12000 at 8% p.a. for 3 years
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2
Answer:
Amount after 3 years = P(1+100r)3
= 12000×(1+1005)3
= Rs. 13891.50
C.I. = Amount − Principal
C.I. =13891.50−12000
= Rs. 1891.50
Thus, compound interest is Rs. 1891.50.
Step-by-step explanation:
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Answered by
1
SI=P×R×T/100
SI=12000×8×3/100
SI= 283000/100
SI=2830
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