Question

Rs 1,200 is borrowed at 12 % rate of interest p.a. borrowed for 3

years .find the amount to be paid at the end of the 3 year.​

Answer 1

Step-by-step explanation:

Solution :

Amount = P+I

(i) interest of 1 year =12%of 1200

=1200×12100=144rs

3 yrs interest = 144×3=432rs

Amount = 1200+432

=1632rs

(ii) interest of 1 year = 5%of 7500

=7500×5100=375rs

interest of 3 years = 3×375=1125rs

Amount = 7500+1125=8625rs

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