Question

7000 rupees is borrowed at 3.5%rate of interest p.a. borrowed for 2 years . find the amount to be paid at the end of the second years. please answer

Answer 1

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Answer 2

P= ₹7000
R=3.5%
T= 2yrs

SI= P×R×T / 100
=7000×35×2/100×10
= ₹490
Amount= P+SI
= ₹7000+₹490
=₹7490 Ans


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