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# 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.

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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
$= \frac{3,500\times 7\times 2}{100}$
$= Rs\ 490$

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