Find the simple interest on ₹ 1000 at `12%` per annum for 3 years

Explanation

To find the simple interest on ₹1000 at a rate of 12% per annum for 3 years, we can use the formula for simple interest:

**Simple Interest (SI) = (Principal × Rate × Time) / 100**

### Step-by-Step Solution:

1. **Identify the values:**
- Principal (P) = ₹1000
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