Question

if Birr 1200 is invested at 10% simple interest per annum, then what is the amount after 5 years?
ANSWER IF YOU KNOW ONLY​

Answer 1

So, P = 1200

R = 10 %

t = 5 years

Since, A = P + S.I.

A = 1200 + 1200x5x10/100

= 1200 + 600

∴ A = 1800

Answer 2

Amount is 1800

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