A farmer borrowed 5,300 at 8% interest per annum. At the end of 2
years, he cleared his account by paying 4.600 and a watch. Find the cost.of watch.
Answers
Answered by
2
Step-by-step explanation:
p=5300
r=8
t=2
=5300×2×1/100
=106
A=5300+106
=5406
=5406×2×1/100
=108.12
A=5514.12
i=106+108.12
=214.12
:.price of the watch=5514.12-214.12
=5300
Answered by
2
Answer:
P=5,300
T=2 yrs
R=8%
Step-by-step explanation:
so = P*R*T
100
= 5,300 * 8 * 2
100
= 53 * 8* 2
S.I = 848
Amount = 848+5,300 =6148
so cost of watch = amount - 4,600
= 6148 - 4600 = 1548
cost of watch = 1548
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