Find the amount to be paid at the end of 3 years in given case:
Principal = Rs 1,200 at 12% p.a.
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Solution
Principal (P) = Rs 1200
Rate (R) = 12 % p.a.
Time (T) = 3 years
S.I. = `"PXRXT"/100`
`= (1200xx 12xx 3)/100`
= Rs 432
Amount = P + S.I.
= 1200 + 432
= Rs 1632
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