rupees 7000 is borrowed at 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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amounts =7490 rupees
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Answer:
Rs. 7490.
Step-by-step explanation:
principal= 7000
Rate = 3.5% p.a
T = 2 years
Therefore , interest =P×R×T / 100
= 7000× 3.5 × 2 /100
= rs. 490
490 + 7000 = rs. 7490
Therefore, the total amount to be paid is Rs. 7490.
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