Question

Karan borrowed ₹48000 from a bank at 7% per annum. What amount will he
get at the end of 3 years?
plz give step by step explanation

Answer 1

Answer:

Principal = 48000

Time = 3 years

Rate of Interest = 7%

:. Suppose RS 48000 interest is x.

x/48000 = 7/100

x/48000×48000 = 7/100×48000

=X=3260

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Answer 2

Answer:

Given:

Principal (P) = ₹ 48000

Rate of Interest per Annum (R) = 7% p. a.

Time (T) = 3 years

To Find:

(1) Simple Interest (SI)

(2) Amount (A)

(1) Simple Interest (SI)

$si \: = \: \frac{p \: \times \: r \: \times \: t}{100} \\ \\ si \: = \: \frac{48000 \: \times \: 7 \: \times \: 3}{100} \\ \\ si \: = \: 10080$

Ans) ₹ 10080

(2) Amount (A)

$amount \: = \: principal \: + \: interest \\ \\ amount \: = \: principal \: + \: simple \: interest \\ \\ a \: = \: 48000 \: + \: 10080 \\ \\ a \: = \: 58080$

Ans) ₹ 58080

Final Answer:

Karan will get an Amount of ₹ 58080, at the end of a Time Period of 3 yrs, for a Principal of ₹ 48000 and a Rate of 7 % p. a.

Step-by-step explanation:

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