Math Problem Statement

12000 with a intrest of 30 percent for a year. Then how much is the total amount

Solution

To calculate the total amount after a year when ₹12,000 earns 30% interest, you can follow these steps:

  1. Calculate the interest:

Interest=Principal×Interest Rate\text{Interest} = \text{Principal} \times \text{Interest Rate}

Substituting the given values:

Interest=12,000×30100=12,000×0.30=3,600\text{Interest} = 12,000 \times \frac{30}{100} = 12,000 \times 0.30 = 3,600

  1. Calculate the total amount:

Total Amount=Principal+Interest\text{Total Amount} = \text{Principal} + \text{Interest}

Substituting the calculated interest:

Total Amount=12,000+3,600=15,600\text{Total Amount} = 12,000 + 3,600 = 15,600

So, the total amount after a year is ₹15,600.

Would you like more details or have any questions?

Here are 5 related questions to consider:

  1. How does the interest amount change if the interest rate increases to 40%?
  2. What would be the total amount if the principal was ₹20,000 at the same interest rate?
  3. How can you calculate the principal if the total amount and interest rate are known?
  4. What is the formula to calculate the interest if the principal and total amount are known?
  5. How does compound interest differ from simple interest in calculating the total amount?

Tip: Understanding the percentage of interest is crucial for calculating the correct interest amount and total sum.

Ask a new question for Free

By Image

Drop file here or Click Here to upload

Math Problem Analysis

Mathematical Concepts

Interest Calculation
Percentage
Simple Interest

Formulas

Interest = Principal × Rate of Interest
Total Amount = Principal + Interest

Theorems

-

Suitable Grade Level

Grades 6-8