Kamala borrowed Rs 26,400 from a bank to buy a scooter at a rate of 15%
Solution:
Step -1: Calculating the amount Principal (P) = Rs 26,400 Rate (R) = 15% Time (T) = 3 years Simple Interest (SI) = (P x R x T) / 100 SI = (26400 x 15 x 3) / 100 SI = 11880 Amount = Principal + Simple Interest Amount = 26400 + 11880 Amount = 38280