# Amount received on ₹3000 for 2 years at the rate of 11% per annum is

(a) ₹2340

(b) ₹3660

(c) ₹4320

(d) ₹3330

**Solution:**

Given, the sum is ₹3000

We have to find the amount received for 2 years at the rate of 11% per annum.

__Interest__, I = P × R × T/100

According to the question,

P = ₹3000

R = 11%

T = 2 years

I = 3000 × 11 × 2/100

= 30 × 22

= ₹660

We know, Amount = Principal + Interest

Amount = 3000 + 660

= 3660

Therefore, the amount received is ₹3660.

**✦ Try This: **Amount received on ₹2500 for 3 years at the rate of 10% per annum is

**☛ Also Check: **NCERT Solutions for Class 7 Maths Chapter 8

**NCERT Exemplar Class 7 Maths Chapter 7 Problem 15**

## Amount received on ₹3000 for 2 years at the rate of 11% per annum is (a) ₹2340, (b) ₹3660, (c) ₹4320, (d) ₹3330

**Summary:**

Amount received on ₹3000 for 2 years at the rate of 11% per annum is ₹3660

**☛ Related Questions:**

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