Browse by Stream
QnA
Home
QnA
Go To Your Study Dashboard

Get Answers to all your Questions

header-bg qa
  • Home
  • NCERT
  • Rs 3,500 is given at 7% p.a. rate of interest. Find the interest which will be received at the end of two years.

   Rs 3,500 is given at 7% p.a. rate of interest. Find the interest which will be received at the end of two years.
 

Answers (1)

best_answer

Given that,
Principal = 3,500
Rate= 7% p.a
T = 2 year

Therefore, 
Interest = \frac{P\times R\times T}{100}
Substituting the values in the above formula, we get
= \frac{3,500\times 7\times 2}{100}
= Rs\ 490

Posted by

manish

View full answer

Similar Questions

Latest Question