Question

₹35,00 is given at 7% p.a rate of interest. Find the interest which will received at the end of two years.

Answer 1

Answer:

Given :

principal = ₹3500

rate = 7%

time = 2 year

Solution :

$intrest = \frac{principal \times rate \times time}{100} \\ intrest = \frac{3500 \times 7 \times 2}{100} \\ intrest = \frac{49000}{100} \\ intrest = </strong></p><p><strong>[tex]intrest = \frac{principal \times rate \times time}{100} \\ intrest = \frac{3500 \times 7 \times 2}{100} \\ intrest = \frac{49000}{100} \\ intrest = ₹ 490$

Answer 2

Interest =

$\frac{p \times r \times t}{100}$

p = principal amount, r = rate, t = time

Interest =

$\frac{3500 \times 7 \times 2}{100}$

Interest = Rs. 490