a sum is borrower at 3.5% p.a for 2 years. if an amt of rupees 7490 was paid at the of the 2nd year, then find the sum
Answers
Answered by
1
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
Answered by
1
Answer:
RATE=3.5
TIME=2YRS
AMOUNT=7490
SI=AMOUNT-PRINCIPLE
SI=PTR/100
SI=P*2*3.5/100
SI=P*7/100
SO 7490-P=SI*7/100
OR 74900-P=SI*7
74900/7=SI+P
=1070=SI
P=6420
Explanation:
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