Answer:
the principal and the amount is 1,800 and 13,800 respectively
Step-by-step explanation:
The computation of the simple interest and amount for the end of the 3rd year is shown below:
Simple interest is
= Principal × rate of interest × time period
= 12,000 × 5% × 3 years
= 1,800
Now the amount is
= 12,000 + 1,800
= 13,800
hence, the principal and the amount is 1,800 and 13,800 respectively
