Rs 3500 is given at 7% p.a. rate of interest .find the interest which will be received at the end of two years
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Answered by
130
i=PTR/100
i=3500*7*2/100
i=49000/100=490
Answered by
25
The interest to be received after two years would be Rs. 490
Step-by-step explanation:
Given that,
Principal = RS. 3500
Rate = 7% P.a.
Time = 2 years
As we know,
S.I.(Simple Interest) = (P * R * T)/100
= (3500 * 7 * 2)/100
= 49000/100
= Rs. 490
Thus, the interest to be received after two years would be Rs. 490.
Learn more: Simple Interest
brainly.in/question/641959
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