A sum of 1000 is lent for 1 year at the rate of 7%
p.a. Find the interest and the amount.
Answers
Answered by
16
Sum, P = 1000
Time period, T = 1 year
Rate of Interest, R = 7%
Interest = PRT/100
S. I = 1000 × 1 × 7 / 100
S. I = 70
Amount = S. I + P
Amount = 1000 + 70
Amount = 1070
Answered by
4
Step-by-step explanation:
1000×1×7/100
interest= 70
amount= 1000+70=1070
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