Rs 3,500 is given at 7% p.a. rate of interest. Find the compound interest which will be received at the end of two years.
Answers
Answered by
0
Principal = ₹3500
Rate = 7%
Time = 2 yrs
Compounded amount
= P(1+R/100)^n
= 3500(1+7/100)²
= 3500×107/100×107/100
= ₹4,007.15
Compound interest
= (Amount - Principal)
= ₹(4,007.15-3500)
= ₹507.15
Please mark me in the brainlist ✌️✌️✌️✌️✌️✌️✌️
Answered by
0
Answer:
238
Step-by-step explanation:
Selling price of an article = Rs 250
Profit = 5%
Cost price = (100 x SP) / ( 100 + gain)
Cost price = (100 x 250) / 105
Cost price = (100 x 250) / 105 = Rs. 238
Similar questions