Q: If you borrow rs 1200 on simple interest of 15 percent then the amount after 10 years will be?

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The simple interest on the amount of $550.00 at 7 percent for one year would be $38.50. To reach the answer, multiply 550 by .07 which equals 38.50.

It is 38.5 units.

56.72

You would first find the percent (if it was 5% interest (for example) on a calculator you would do the amount then multiply by 5, then click the percent, by hand: you would multiply the amount you paid for then multiply by 0.05 then you would get the interest; simple math :D

6 years

Related questions

if its simple interest: I = prt = 240 the total money to be returned is 2240

$494.34 Interest= principal amount * time* simple interest %

The simple interest on the amount of $550.00 at 7 percent for one year would be $38.50. To reach the answer, multiply 550 by .07 which equals 38.50.

It is 240 currency units.

15100

It is 38.5 units.

56.72

Simple interest is determined by multiplying the interest rate by the principal of the number of periods. Where, P is the loan and the amount is usually expressed as an annualized percentage.

331/3 percent simple interest will double any amount in 3 years.

You would first find the percent (if it was 5% interest (for example) on a calculator you would do the amount then multiply by 5, then click the percent, by hand: you would multiply the amount you paid for then multiply by 0.05 then you would get the interest; simple math :D

Rs 80.

6 years