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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
Correct answer is option 'A'. Can you explain this answer?
Verified Answer
Rs. 1200 is lent out at 5% per annum simple interest for 3 years. Find...
Here P = Rs. 1200
R = 5%, T = 3 years
Amount = P + SI = 1200 + 180 = 1380
This question is part of UPSC exam. View all JEE courses
Most Upvoted Answer
Rs. 1200 is lent out at 5% per annum simple interest for 3 years. Find...
Solution:
Given that,
Principal (P) = Rs. 1200
Rate of interest (R) = 5%
Time (T) = 3 years
Formula used:
Simple Interest (S.I) = (P × R × T)/100
Amount (A) = P + S.I
Calculation:
Simple Interest (S.I) = (P × R × T)/100
= (1200 × 5 × 3)/100
= Rs. 180
Amount (A) = P + S.I
= 1200 + 180
= Rs. 1380
Therefore, the amount after 3 years is Rs. 1380.
Hence, the correct answer is option (a) Rs. 1380.
Given that,
Principal (P) = Rs. 1200
Rate of interest (R) = 5%
Time (T) = 3 years
Formula used:
Simple Interest (S.I) = (P × R × T)/100
Amount (A) = P + S.I
Calculation:
Simple Interest (S.I) = (P × R × T)/100
= (1200 × 5 × 3)/100
= Rs. 180
Amount (A) = P + S.I
= 1200 + 180
= Rs. 1380
Therefore, the amount after 3 years is Rs. 1380.
Hence, the correct answer is option (a) Rs. 1380.
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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. 1380b)Rs. 1290c)Rs. 1470d)Rs. 1200Correct answer is option 'A'. Can you explain this answer?
Question Description
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