Question

hi guys, I am confused that my answer is correct. So please answer this question.

Maths , class 7th

rupees 7000 is borrowed at 3.5% rate of interest p.a.. borrowed for 2 year. Find the amount to be paid at the end of the second year.

please....

Answer 1

hello Frnd

Here Principal = 7000
Rate of Interest = 3.5%
Time = 2

As we know
Amount = Principal + Interest

Interest = 7000 × 3.5/100 × 2
= ₹490

Now Amount to be paid after 2 years

7000 + 490 = ₹ 7490


hope it helps
#jerri

Answer 2

si=prt/100
=7000*35*2/100*10
=70*7
=rs490. ans