Kiran lent Rs 28000 to his friend. He charged 12%per
annum. How much amount does he earn in three years?
Answers
Answered by
2
Answer:
Rs.38080
Step-by-step explanation:
We should calculate simple interest
Simple interest = (Principal x time x rate ) / 100
= (Rs.28000 x 3 x 12 ) / 100
= Rs.280 x 3 x 12
= Rs. 10080
Amount = Principal + interest
= Rs.28000 + Rs.10080
= Rs.38080
Answered by
0
Answer:
38080
Step-by-step explanation:
lent Rs28000
charge 12%per annum
12% of 28000
12/100×28000=3360
charge in three years = 3×3360= 10080
total amount he receive 28000+10080=38080
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