Question

15. A person has taken 3000 on simple interest at 9% annually for 3 yrs on loan. After 2 yrs he has cleared his loan by giving 3000 cash and a table. The price of table is :​

Answer 1

Answer:

look

→3000 + 540

三

pxrxt

Explanation:

₹540

Explanation :

The man borrows ₹3,000 for 2 years at the rate of 9% p. a. (per annum) at simple interest.

We know that,

\begin{gathered}\sf \longrightarrow Simple \: interest = \dfrac{p \times r \times t}{100} \\\end{gathered}

⟶Simpleinterest=

100

p×r×t

Where,

p(principal) = ₹3,000

r(rate) = 9% p. a.

t(time) = 2 years.

So, the interest is :

\sf \longrightarrow \dfrac{3000 \times 9 \times 2}{100}⟶

100

3000×9×2

\sf \longrightarrow 30 \times 9 \times 2⟶30×9×2

\sf \longrightarrow 540⟶540

Hence, the amount to be paid is :

➔ 3,000 + 540

➔ 3,540

But, he pays

➔ 3,000 & a table.

So, we can say that

➔ 3,000 + price of the table = 3,540

➔ price of the table = 3,540 - 3,000

➔ price of the table = 540

Required answer : ₹540