Ramesh borrowed ₹12000 at 13% per annum simple interest what amount will Ramesh pay to clear his debt after 5 years?

₹18800 ₹20000 ₹19800 ₹18600

₹19800

We know , Amount = Principal + Interest Simple interest = \(\frac{Principal ×Rate × Time }{100}\) = \(\frac{12000 × 13 × 5 }{100}\) = 7800 Amount to be paid after 5 years = 12000 + 7800 = Rs.19800