Question

6. Ravi borrowed 2000 at 2% per annum and * 1000 at 5% per annum. He cleared
his debt after 2 years by giving 2800 and a watch. What is the cost of the
watch?
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Answer 1

Answer:

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Step-by-step explanation:

Simple interest = 2000x2x2/100 + 1000x5x2/100

= 80 + 100 = Rs 180

Total amount = 2000 + 1000 + 180

= Rs 3180

Cost of the watch = Rs 3180 - Rs 2800

= Rs 380