Question

The amount recieved on rupees 3000 for 2 years at the rate of 11% per annum is​

Answer 1

Answer:

3660 Rs.

Step-by-step explanation:

P = 3000

T = 2 y

R = 11% p.a.

S.I. = P * R * T

            100

S.I. = 3000 * 11 * 2

                100

S.I. = 660

Amount = S.I. + Principal

             = 660 + 3000

             = 3660

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Answer 2

Simple Interest = (Principal × Rate × Time)/100

⇒ Simple Interest = (3000 × 11 × 2)/100

⇒ Simple Interest = (30 × 11 × 2)/1

⇒ Simple Interest = 30 × 11 × 2

⇒ Simple Interest = 330 × 2

⇒ Simple Interest = 660

Amount = Simple Interest + Principal

⇒ Amount = 660 + Principal

⇒ Amount = 660 + 3000

⇒ Amount = 3660