Question

Whats the answer to 5,200 at 4% for 3 years

Answer 1

Rs 624

Explanation:

Here, principl (P) = Rs 5200,

Rate (R) = 4%,

Time (T) = 3yrs

Now,

Interest formula = PRT/100

= 5200*4*3/100

= Rs 624

Amount = Principle + simple Interest

= 5200 + 624

= Rs 5824

Hope it helps :)