Question

Rs 7000 is borrowed 3.5 % rate of interest p.a borrowed for two years find the amount to be paid at the end of 3 year. (please solve this question)​

Answer 1

Refer the attachment. Hope it helps.

Answer 2

Step-by-step explanation:

money borrowed by lender is ₹7000

rate of interest is 3.5%/annum

time given to pay the amount is 3 year

$si = prt \div 100$

si =7000×3.5×3/100

=7×35×3

=₹735

now, we know amount = SI+P

=₹7735

hence , amount given by borrower after 3 year is ₹7735