Question

` 3,500 is given at 7% p.a. rate of interest. find the interest which will be received at the end of two years.

Answer 1

Answer:

Step-by-step explanation:

Selling price of an article = Rs 250

Profit = 5%

Cost price = (100 x SP) / ( 100 + gain)

Cost price = (100 x 250) / 105

Cost price = (100 x 250) / 105 = Rs. 238