Question
Find the amount to be paid at the end of 3 years of the sum of ₹ 1,200 at the rate of 12% p.a.
[4 MARKS]
[4 MARKS]
Answer:
:
Formula: 1 Mark
Steps: 2 Marks
Answer: 1 Mark
Given,
Principal (P) = ₹ 1200
Rate (R) = 12% p.a.
Time (T) = 3 years
S.I.=P×R×T100
S.I.=1200×12×3100
S.I.=₹432
Total amount to be paid at the end of three years = P + S.I.
Amount = ₹ 1200 + ₹ 432
Amount = ₹ 1632
₹ 1632 has to be paid at the end of three years.
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:
Formula: 1 Mark
Steps: 2 Marks
Answer: 1 Mark
Given,
Principal (P) = ₹ 1200
Rate (R) = 12% p.a.
Time (T) = 3 years
S.I.=P×R×T100
S.I.=1200×12×3100
S.I.=₹432
Total amount to be paid at the end of three years = P + S.I.
Amount = ₹ 1200 + ₹ 432
Amount = ₹ 1632
₹ 1632 has to be paid at the end of three years.
Was this answer helpful ?
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