Question

how much amount will you pay for a loan of rupees 3000 from a bank if the interest rate is 12%

Answer 1

3360 will be payed in interest of 12%

Answer 2

As assuming Loan Term is for 1 Year
Calculating Simple Interest of Loan

then it will be as

Simple Interest = (Principle Amount X Rate of Interest X Term)÷ 100

SI =
$(3000 \times 12 \times 1) \div 100$
360 Rupees

then Adding Principle Amount
Pay After one Year is 3360

Hope Help