Question

Question 3
In every condition after 3 years how much amount has to be paid if principal = ₹1200, rate = 12% P.A.

Answer 1

In every condition after 3 years, Rs. 1632 amount has to be paid if principal = ₹1200, rate = 12% p.a.

Step-by-step explanation:

Principal, P = Rs. 1200

The rate of interest, R = 12% p.a.

Time periods, T = 3 years

The formula of simple interest is given by,

• Simple Interest, S.I. = [PRT]/100

• Amount, A = Principal + Interest

Therefore,

S.I. = $\frac{1200*12*3}{100}$ = Rs. 432  

And

Amount = 1200 + 432 = Rs. 1632

Thus, in every condition after 3 years, the amount to be paid be Rs. 1632.

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