Rs. 1200 is lent out at 5% per annum simple interest for 3 years. Find the amount after 3 years.
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QUESTION :
Rs. 1200 is lent out at 5% per annum simple interest for 3 years. Find the amount after 3 years...
SOLUTION :
From the above Question, we can gather the following information.....
Rs. 1200 is lent out at 5% per annum simple interest for 3 years.
SI = 1200 × 5 × 3 / 200 = Rs. 180
Amount = Principle + SI = Rs. 1380.
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