Question

simple interest on a sum of rupees 7000 at a rate of 3.5 % per annum borrowed for 2 years.

Answer 1

Heya!

Here's your answer ^^

Principal = ₹7000
Rate of interest = 3.5%
Time = 2 years

SI = p × r × t/100
= 7000 × 3.5 × 2 / 100
= ₹ 490

Hope it helps!!

Answer 2

hey
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Principle (P) = ₹ 7,000
Rate (R) = 3.5% p.a.
Time (T) = 2 years

We know,
Simple Interest (SI) = PRT/100

♦ Simple Interest
= ₹ 7,000×3.5×2/100
= ₹ 490

♢ Simple Interest is ₹490
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I hope this answer may helps you.... !

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