Find the simple intrest and amount on a sum of RS.1200 at 12% p.a. for 3 years
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Here's your answer:
Sum (Principal) = ₹1,200
Rate = 12% per annum
Time = 3 years
Simple Interest =
=
= ₹432
Amount
= Principal + Simple Interest
= ₹1,200 + ₹432
= ₹1,632
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