Maths / Comparing Quantities / Simple Interest

QUESTION
 

Rs 3500 is given at 7% p.a rate of Interest. Find the interest which will be received at the end of 2 years.

EXPLANATION
Explain TypeExplanation Content
Text

P = Rs 3500

R = 7%

T= 2 years

S.I = frac{Ptimes R times T}{100}=frac{3500times 7 times }{100} S.I=35 times 7times 2=490

S.I = 490 Rs.

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