Question

Rs 7000 is borrowed at 7% rate of interest p.a. borrowed for 2 years. Find the amount to be paid at the end of the second year.
plese help me

Answer 1

Step-by-step explanation:

interest=

100/

p∗r∗t

p = principal amount , r = rate , t = time

interest=

100

7000∗3.5∗2

interest = RS. 490

total amount = interest+ principal amount

= 7000+490= Rs 7490

Answer 2

your answer is 7980 Rs

Formula used P×R×T / 100

the interest is then added with the principle amount to give RS 7980