A sum of $R s . 2500$ is borrowed at a rate of $12 %$ per annum for $3$ years. Find the simple interest on this sum and also the amount to be paid at the end of $3$ years.

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Solution

Given: $P = 2500, R = 12$ %, $T = 3$ years

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

$= \frac{2500 \times 12 \times 3}{100}$

$= 900$

$∴$ Amount to be paid after $3$ years is $2500 + 900 = R s .3400 .$

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A sum of Rs.2500 is borrowed at a rate of 12% per annum for 3 years. Find the simple interest on this sum and also the amount to be paid at the end of 3 years.

Given: P=2500,R=12%, T=3years SI=PRT100 =2500×12×3100 =900 ∴ Amount to be paid after 3 years is 2500+900=Rs.3400.

A sum of $R s . 2500$ is borrowed at a rate of $12 %$ per annum for $3$ years. Find the simple interest on this sum and also the amount to be paid at the end of $3$ years.

Given: $P = 2500, R = 12$ %, $T = 3$ years

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

$= \frac{2500 \times 12 \times 3}{100}$

$= 900$

$∴$ Amount to be paid after $3$ years is $2500 + 900 = R s .3400 .$