A sum of rs. 12000 is lent out at 5% per annum simple interest for 5 years. what will be the amount after 5 years?

General
1

a sum of rs. 12000 is lent out at 5% per annum simple interest for 5 years. what will be the amount after 5 years?

2

To calculate the amount after 5 years with simple interest, we need to use the formula:

Amount = Principal + (Principal * Rate * Time)

In this case, the principal (P) is Rs. 12000, the rate (R) is 5% (0.05 as a decimal), and the time (T) is 5 years. Let’s calculate the amount:

Principal = Rs. 12000
Rate = 5% = 0.05 (as a decimal)
Time = 5 years

Amount = 12000 + (12000 * 0.05 * 5)
Amount = 12000 + (6000)
Amount = Rs. 18000

Therefore, the amount after 5 years will be Rs. 18000.