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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. = 288

Amount RECIEVED = Rs. 288 + Rs. 800 {PRINCIPAL + SIMPLE Interest}

Rs. 1088

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