Question

Rs 3,500 is given at 7% p. a. rate of interest. find the interest which will be received at the end of 2 years

Answer 1

SI= P*R*T/100
SI=3500*7*2/100
SI=70*7
SI=490
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Answer 2

P×R×T÷100
3500×7×2
100
35×7×2
=490
SI=490