Ali take 1200 rupees borrow 5% interest for 3 years . Amount paid after 3 years is ____
Ali take 1200 rupees borrow 5% interest for 3 years . Amount paid after 3 years is ____
Explanation
Markup=P*R*T =1200*5%*3
=3600*(5/100)
=36*5 =180
Total return amount=1200+180 =1380 Ans
1200÷100*5 is 60. 60is for one year. now 60*3 equal to 180. 180 is for 3 year and the original amount is 1200 so 1200+180 = 1380