Question

Rs. 7000 is borrowed at 3.5% rate of interest for 2 years. Find the amount to be paid at the end of 5 years?

Answer 1

Answer:

₹18725

Step-by-step explanation:

SI = (PRT)/100

SI = (7000×3.5×2)/100

SI = 49000/100

SI = 490

Amount = Principal + SI

Amount = 7000 + 490

Amount = ₹7490

Amount for 2 years = 7490

Amount for 1 year = 7490÷2 = ₹3745

Hence, Amount for 5 years = ₹18725

Answer 2

Answer:

rs.7490

Step-by-step explanation:

si=prt/100=7000×3.5×2/100=490

amount =principal+s.i

=7000+490

=7490