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P=12000. Rate 12% p.a., T=12 months. Fin...

P=12000. Rate `12%` p.a., T=12 months. Find the interest and the amount.

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The correct Answer is:
`Rs. 1440;Rs. 13440`

P=Rs. 12000, Rate `=12%`p.a.
T=12 months, =1 year
`I=(PTR)/(100)=(1200xx1xx2)/(100)=Rs. 1,440`
`A=P+I=Rs.(12,000+1440)=Rs. 13440`
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