Question

₹7000 is borrowed at the rate of 5 % p.a Find the interest and amount to be paid at the end of 3 years

Answer 1

Answer:

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

$p = principal \: of \: amount$

$r = rate$

$t = time$

$interest = \frac{7000 \times 3.5 \times 2}{100}$

$interest = rs.490$

$total \: amount = interst \: + principal \: amount$

$= 7000 + 490 = 7490$

Answer 2

$see \: the \: above \: attachment$