Rupees 3500 is given at 7% per annum rate of interest. Find the interest which will be received at the end of the two years.
Rupees 3500 is given at 7% per annum rate of interest. Find the interest which will be received at the end of the two years.
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Answered by
1
Answer:
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Answered by
8
Answer:
Rs. 490
Step-by-step explanation:
P = 3500
R = 7%
T = 2 years
Interest = P * R * T / 100
= 3500 * 7 * 2 / 100 = 490
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