Advertisements
Advertisements
Question
Find the amount to be paid at the end of 3 years in given case:
Principal = ₹ 1,200 at 12% p.a.
Advertisements
Solution
Principal = ₹ 1200
Rate = 12% p.a.
Time = 3 years
Simple interest in years = `("Principal" xx "Rate" xx "Time")/100`
= `(1200 xx 12 xx 3)/100`
= ₹ 432
Amount = Principal + Simple Interest
= 1200 + 432
= ₹ 1632
APPEARS IN
RELATED QUESTIONS
What sum of money borrowed on 24th May will amount to Rs.10210.20 on 17th October of the same year at 5 percent per annum simple interest.
If Manohar pays an interest of Rs. 750 for 2 years on a sum of Rs. 4,500, find the rate of interest.
Aravind borrowed a sum of ₹ 8,000 from Akash at 7% per annum. Find the interest and amount to be paid at the end of two years
The interest for a principle of ₹ 4,500 which gives an amount of ₹ 5,000 at end of certain period is
Given the principal = Rs 40,000, rate of interest = 8% p.a. compounded annually. Find principal for 2nd year.
Amount received on ₹ 3000 for 2 years at the rate of 11% per annum is ______.
The difference of interest for 2 years and 3 years on a sum of ₹ 2100 at 8% per annum is ______.
The ______ of interest on a sum of ₹ 2000 at the rate of 6% per annum for `1 1/2` years and 2 years is ₹ 420.
The simple interest on a sum of ₹ P for T years at R% per annum is given by the formula: Simple Interest = `(T xx P xx R)/100`.
Amount received after depositing ₹ 800 for a period of 3 years at the rate of 12% per annum is ₹ 896.
