Question

2
18. A person borrowed Rs. 6400 at the rate of 3 -% p.a. SI. After 2 years 3 months he
paid Rs. 6136 in cash plus a bicycle and hence cleared up the entire amount
borrowed. Find the value of the bicycle.

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Answer 1

Step-by-step explanation:

p=6400

r=3%

t=2years 3 months

=2 × 3÷12

= 1/2 years

S.I = p×n×t/100

=6400×1×3÷100×2

=96.