7000 is borrowed at the 3.5 rate of interest for 2 years find the amount to be paid at the end of second year
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Answered by
3
Answer:
interest=
100
p∗r∗t
p = principal amount , r = rate , t = time
interest=
100
7000∗3.5∗2
interest = RS. 490
total amount = interest+ principal amount
= 7000+490= Rs 7490
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Answered by
0
Answer:
formula of S.I = P×R×T/100
now,given
P=7000
R=3.5
S.I= 7000×3.5×2/100
= 7000×35×2/100×10
= 70×7/1
=490 we have to pay at the end of second year
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