Question

Find the simple interest and the amount when
Principal$=Rs.1500,rate=12\%p.a$ and $time=3years$

Answer 1

P = Rs 1500, R = 12% p.a., T = 3 years

$\therefore SI=\frac{PRT}{100}=\frac{1500\times 12\times 3}{100}=Rs540$

$\therefore$ Amount = P + SI = Rs 2040