Question

4. A farmer borrowed 5300 at 8% per
annum (on simple interest), at the end of
2- yr , he cleared his account by paying
* 4600 and a watch. The cost of watch is
(a) *1760
(b) 1860
(c) 1960
(d) 1660​

Answer 1

Step-by-step explanation:

${ \huge{ \textsf{ \purple{given - - }}}}$

Principal = 5300

Rate of interest= 8%

Time =2 yr.

PAYMENT= 4600 + watch

${ \huge{ \textsf{ \blue{operations - - }}}}$

$\frac{p \times r \times t}{100} \\ = \frac{5300 \times 8 \times 2}{100} \\ = 848$

SIMPLE INTEREST = 848/-

AMOUNT=

SI + PRINCIPAL

= 5300+848

= 6148

${ \huge{ \textsf{ \orange{cost \: of \: watch - - }}}}$

6148 - 4600

= 1348

the cost of the watch is 1348/-

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