Question

How much the simple interest in
2 years at 7 percent per year on
3500 Rs?
​

Answer 1

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Principle :- Rs. 3,500

Time = 2 years

Rate = 7 %

S.I. = $\dfrac{P×R×T}{100}$

=> $\dfrac{3,500×7×2}{100}$

=> $\dfrac{49,000}{100}$

=> $\dfrac{\cancel{49,000}}{\cancel{100}}$

=> Rs. 490