Question

Rs. 3,500 is given at 7% p.a. rate of interest. Find the interest which will
be received at the end of two years.​

Answer 1

Answer:

rs 490

Step-by-step explanation:

here,

we know that

interest = (principal * rate * time)/100

=(3500*7*2 )/100 ,= 49000/100 =490 rs

Answer 2

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