6. A person borrowed 7,500 at the rate of 16/3 % p.a. Si. After 3
years 6 months he paid p 6,485 and a radio, and cleared up the
entire amount to be returned. What is the price of the radio?
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Answer:
interest=
100
p∗r∗t
p = principal amount , r = rate , t = time
interest=
100
7000∗3.5∗2
interest = RS. 490
total amount = interest+ principal amount
= 7000+490= Rs 7490
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