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Find the amount to be paid at the end of...

Find the amount to be paid at the end of `3` `years` in each case:
(a) Principal = `Rs` `1,200` at `12%` p.a.
(b) Principal = `Rs` `7,500` at `5%` p.a.

Text Solution

Verified by Experts

Amount = `P+ I`
(i) interest of 1 year =`12 % `of 1200
`= (1200 xx 12)/ 100 = 144 rs`
3 yrs interest = `144 xx 3 =432 rs`
Amount = `1200 + 432`
`= 1632 rs`
(ii) interest of 1 year = `5 % `of `7500`
`= (7500 xx 5 )/100 = 375 rs`
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