Question

Rs 7,000 is borrowed at 15% rate of interest per annum borrowed for 2 years. Find the
amount to be paid at the end of the second year. ​

Answer 1

Step-by-step explanation:

principal = 7000

rate = 15%p.a

time = 2 year

let us find the interest

p x t x r/100

7000 x 15 x 2/100 = 210

total amount = principal+ interest

7000+210 = 7210rs