Find the amount to be paid at the end of 3years in each case. a) principal =1,200 at12% p.a
1 answer:
Answer:
$1632
Step-by-step explanation:
Given data
Principal= $1200
Rate= 12%
Time= 3 years
The simple interest expression is given as
A= P(1+rt)
substitute
A=1200(1+0.12*3)
A=1200(1+0.36)
A=1200*1.36
A=$1632
Hence the amount is $1632
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