Rs 88,000 is borrowed at a 3.5% rate of interest p.a. borrowed for 2 years. Find the
amount to be paid at the end of the second year.
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13
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
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1
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