Question

raj borrowed Rs 1200 for 3 years at 7% interest find the amount due from him
Word problem ​

Answer 1

Step-by-step explanation:

Given,

Principal amount P = 1200, Rate of Interest = 7%, Time period T = 3 years, SI = Simple Interest

SI = P*R*T/100

SI = 1200*7*3/100 = 252

Therefore, Amount due from him = 1200 + 252

= Rs 1452