Question

what will be simple interest paid on Rs20000 for 3 years at 12% per annum​

Answer 1

Answer:

firstly IN ROUGH

Rate of interest= 12%per annum 20000÷100=200

Time= 3 years 200×3×12= 7200

Principal= 20000

Simple interest (S.I)= P×R×T÷100

Simple interest (S.I)=20000×3×12%÷100

Simple interest (S.I)=7200

so simple interest (S.I)=7200