At 12% rate of profit, what is the three year profit of 270 rupees?

To calculate the three-year profit on ₹270 at a 12% annual rate of profit, we can use the formula for **Simple Interest** if the profit is based on simple interest:

\[
\text{Simple Interest} (SI) = \frac{P \times R \times T}{100}
\]

Where:
- \(P = 270 \, \text{rupees}\) (the principal amount),
- \(R = 12\%\) (the annual profit rate),
- \(T = 3 \, \text{years}\) (the time period).

Substituting the values into the formula:

\[
SI = \frac{270 \times 12 \times 3}{100} = \frac{9720}{100} = 97.2 \, \text{rupees}
\]

So, the profit over three years is **₹97.2**.

If you were thinking about compound interest, let me know! Would you like more details or clarification?

### Related questions:
1. How would the profit change if the rate were 15%?
2. What is the total amount (profit + principal) after three years?
3. How does compound interest affect the profit calculation over three years?
4. How can you calculate profit if the rate changes each year?
5. How does the time period impact the overall profit?

**Tip**: When dealing with percentage-based profit or interest, always check if the problem specifies simple or compound interest.

At 12% rate of profit, what is the three-year profit of 270 rupees?

Learn how to calculate the three-year profit on ₹270 at a 12% annual rate of profit using the simple interest formula. This problem covers key mathematical concepts such as percentage-based profit calculation and simple interest. Suitable for students in Grades 6-8.

Math Problem Statement

Solution

Ask a new question for Free

By Image

Math Problem Analysis

Mathematical Concepts

Formulas

Theorems

Suitable Grade Level

Related Recommendation