Question

7000 is borrowed at 3.5% rate of interest P A borrowed for 2 year find the amount to be paid at the end of the second year

Answer 1

$7000 \times 3.5 \times 2 \div 100 = 490 \\ amount = 7000 + 490 = 7490answer$

Answer 2

Formula = P x R x T / 100
7000 x 3.5 x 2 / 100
49000/100
amount is 490

Mark brainleast :)sofia(: