Question

₹3,500 is given at 7 percent p.a.rate of interest . find the interest which will be recieved at the end of two years.

Answer 1

${\bold{\underline{\underline{Answer:}}}}$

${\bold{\therefore S.I=490\:rupees}}$

${\bold{\underline{\underline{Step-by-step\:explanation:}}}}$

$\underline \bold{Given : } \\ \implies Principal(p) = 3500 \: rupees \\ \\ \implies Rate(r) = 7\% \\ \\ \implies Time(t) = 2 \: years \\ \\ \underline \bold{To \: Find : } \\ \implies Simple \: Interest = ?$

• According to given question :

$\bold{Using \: formula \: of \: Simple \: Interest : } \\ \implies S.I= \frac{p \times r \times t}{100} \\ \\ \implies S.I= \frac{3500 \times 7 \times 2}{100} \\ \\ \implies S.I=35 \times 7 \times 2 \\ \\ \implies \bold{S.I= 490 \: rupees}$

Answer 2

Answer____

• S.I=490 rupees

Step-by-step explanation:

$\bold{using \: formula \: of \: simple \: interest : } \\ \implies si = \frac{p \times r \times t}{100} \\ \\ \implies si = \frac{3500 \times 7 \times 2}{100} \\ \\ \implies si =35 \times 7 \times 2 \\ \\ \implies \bold{si = 490 \: rupees}$