Question

Rs. 1200 is lent out at 5% per annum simple interest for 3 years. Find the amount after 3 years.
A.Rs. 1380
B.Rs. 1290
C.Rs. 1470
D.Rs.1200

Answer 1

Heya !

Here is your answer=>

Answer : option A

A = P+I

A = 1200+(PTR/100)

A = [1200+(1200*5*3/100)]

Amount, A = Rs. 1380.

Hope this helps you

Answer 2

1200 × 5 × 3
-------------------- = 1380₹
100