Question

Question :

Find the amount received after depositing Rs 800 for a period of 3 years at the rate of 12% per annum.

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Answer 1

Answer:

P = Rs. 800 [Amount deposited]

T = 3 years

R = 12%

S.I. = PRT/100

S.I. = 800 × 3 × 12/100

S.I. = 8 × 3 × 12

S.I. = 288

Amount recieved = Rs. 288 + Rs. 800 {Principal + Simple Interest}

Rs. 1088

_________

Answer 2

Answer:

The amount is Rs. 1088

Step-by-step explanation:

Given :

Deposited = Rs. 800

For = 3 years

Rate of = 12%

To find :

The amount received

Solution :

Principal = 800

Rate = 12

Time = 3

$\boxed{\tt{SI = \frac{Principal \times Rate \times Time}{100}}}$

$\tt{\implies} \: SI = \dfrac{Principal \times Rate \times Time}{100} \\ \\ \tt{\implies} \: SI = \dfrac{800 \times 12 \times 3}{100} \\ \\ \tt{\implies} \: SI =8 \times 12 \times 3 \\ \\ \tt{\implies} \: SI =8 \times 36 \\ \\ \tt{\implies} \: SI =288$Simple Interest = Rs. 288 $\rule{300}{1.5}$

★ Amount :

$\boxed{\tt{Amount = Principal + Simple \: Interest}}$

$\tt{\implies} \: 800 + 288 \\ \\ \tt{\implies} \: 1088$

Amount = Rs. 1088

$\therefore$ The amount is Rs. 1088.