Question

₹ 7000 is borrowed at 3.5% rate of interest per annum for 2 years. Find the amount to be paid at

the end of the second year.​

Answer 1

Answer:

amount = principal ( 1+rate/100 ) ^time

note: ^ = time(exponent)

Step-by-step explanation:

amount = 7000 (1+3.5/100) ^ 2