What will be the amount after 3.5% rate of interest on 2000 rs for 1 year
Answers
Answered by
0
Answer:
Total amount = Rs. 2070
Step-by-step explanation:
Here in this question we have been given that ,
principal amount =2000
rate of interest=3.5%
Time = 1 year
interest =p*r*t/100
=2000×3.5×1×/100
=20×3.5
=70
Interest of rupees 70 calculated on interest rate of 3.5% in one year on principal amount of 2000
Total amount = 2000+70=Rs. 2070
Answered by
0
Answer:
Rs 2070
Step-by-step explanation:
Deposit = Rs 2000
Find the interest:
Interest = 3.5% of Rs 2000
Interest = 0.035 x 2000 = Rs 70
Find the amount at the end of 1 year:
Amount = 2000 + 70 = Rs 2070
Answer: Rs 2070
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