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Question :Find the amount received after depositing Rs 800 for a period of 3 years at the rate of 12% per annum. |
Answer» Answer:P = Rs. 800 [Amount DEPOSITED] T = 3 years R = 12% S.I. = PRT/100 S.I. = 800 × 3 × 12/100 S.I. = 8 × 3 × 12 S.I. = 288Amount RECIEVED = Rs. 288 + Rs. 800 {PRINCIPAL + SIMPLE Interest} Rs. 1088_________ |
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