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Rs. 1200 is lent out at 5% per annum simple interest for 3 years. Find the amount after 3 years.

A. Rs. 1380

B. Rs. 1290

C. Rs. 1470

D. Rs.1200

E. Rs. 1240

Answer: Option A

Solution(By Examveda Team)

$$\eqalign{ & A = P + I \cr & A = 1200 + {\frac{{PTR}}{{100}}} \cr & A = {1200 + {\frac{{1200 \times 5 \times 3}}{{100}}} } \cr & {\text{Amount}},\,A = Rs.\,1380 \cr} $$

This Question Belongs to Arithmetic Ability >> Interest

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Comments ( 3 )

  1. 1DA18ME104_ SACHINBTALAKERI
    1DA18ME104_ SACHINBTALAKERI :
    4 years ago

    Why took p+I

  2. Tokuto Sumi
    Tokuto Sumi :
    6 years ago

    Please show the steps in detail

  3. Mahindra Godbole
    Mahindra Godbole :
    8 years ago

    1380

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