Question

Question 9 (a)
Find the amount to be paid at the end of 3 years in each case:
(a) Principal = Rs 1,200 at $12\%$ p.a.

Answer 1

a) Given,

Principal (P) = Rs. 1200

Rate (R) = $12\%$ p.a.

Time (T) = 3 years

$S.I.=\frac{P\times R\times T}{100}$

$S.I.=\frac{1200\times 12\times 3}{100}$

$S.I.=Rs.432$

Total amount to be paid at the end of three years = P + S.I.

Amount = Rs 1200 + Rs 432

Amount = Rs 1632
Rs 1632 has to be paid at the end of three years.