Question

14.Ramesh took Rs.1500 on loan from Man Singh at 14% per annum.After 5 years he gave Rs.2100 and a watch to Man Singh to clear the account.Find the cost of the watch.​

Answer 1

Step-by-step explanation:

interest after 5 years=1500×14×5/100 =1050

So Ramesh has to pay=1500+1050=2550

cost of the watch=2550-2100=450

Answer 2

Answer:

₹450

Step-by-step explanation:

According to the problem,

Ramesh took ₹1500 on loan from Man singh at 14% annum.

So the annum/year is 14% of ₹1500 = ₹210.

So, the total annum ( of 5 years ) is

(₹ 210 × 5) = ₹ 1050.

So, Ramesh had to pay Man Singh total of (₹1500+₹1050)=₹2550.

But he paid Man Singh ₹2100 and a watch.

So,

Watch + ₹2100 = ₹2550

Or, Watch = ₹2550 - ₹2100

Or, Watch = ₹450 (ANSWER).