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:
- Calculate the interest:
Substituting the given values:
- Calculate the total amount:
Substituting the calculated interest:
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:
- How does the interest amount change if the interest rate increases to 40%?
- What would be the total amount if the principal was ₹20,000 at the same interest rate?
- How can you calculate the principal if the total amount and interest rate are known?
- What is the formula to calculate the interest if the principal and total amount are known?
- 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.
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Math Problem Analysis
Mathematical Concepts
Interest Calculation
Percentage
Simple Interest
Formulas
Interest = Principal × Rate of Interest
Total Amount = Principal + Interest
Theorems
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Suitable Grade Level
Grades 6-8