Nishtha took a loan for Rs. 1, 00,000 at 9% p.a. for 3 years on
simple interest. Calculate the amount payable by Nishtha after 3
years.
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Answer:
Principle= 1,00,000
Rate of interest= 9% p.a.
Time=3yrs
S.I= p*r*t/100
= 1,00,000*9*3/100
=27,000
S.I= 27,000
Amount= 1,00,000+27,000
=1,27,000
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