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Sticky Note
Ali take 1200 rupees borrow 5% interest for 3 years . Amount paid after 3 years is ____
  1. 1380
  2. 1890
  3. 1430
  4. 1500
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

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