R s . 3500 is given at 7 % p.a rate of interest. Find the interest which will be received at the end of two years.

 R s . 3500 is given at 7 % p.a rate of interest. Find the interest which will be received at the end of two years.

Solution:- Given p=3500 , r=7% , t=2

 interest=p×r×t/100

So, interest=3500×7×2/100

=35×7×2

= RS490