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Rs 1200 is lent out at 5 per annum simple interest...

This question belongs to Arithmetic Ability Interest
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Rs. 1200 is lent out at 5% per annum simple interest for 3 years. Find the amount after 3 years.

Answer & Solution
Correct Answer: Option A
$$\eqalign{ & A = P + I \cr & A = 1200 + {\frac{{PTR}}{{100}}} \cr & A = {1200 + {\frac{{1200 \times 5 \times 3}}{{100}}} } \cr & {\text{Amount}},\,A = Rs.\,1380 \cr} $$
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4 Comments
Mesfin Mekonnen
Mesfin Mekonnen 2 years ago
How? It would be 5%is changed into 0.05
1DA18ME104_ SACHINBTALAKERI
1DA18ME104_ SACHINBTALAKERI 6 years ago
Why took p+I
Tokuto Sumi
Tokuto Sumi 9 years ago
Please show the steps in detail
Mahindra Godbole
Mahindra Godbole 11 years ago
1380
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