Question

A farmer borrowed 5,300 at 8% interest per annum. At the end of
2,1/2 years he cleared his account by paying 4,600 and a watch. Find the cost of watch.​

Answer 1

Answer:

1760 rupees

Step-by-step explanation:

Principle=5300

Rate=8%per annum

Time=5/2 years

S.I.=P×R×T/100

= 5300×8×5/100×2

=1060

AMOUNT=5300+1060=6360

Given that he paid rs 4600 and a watch

4600+price of watch=6360

Let price of watch be x

4600+x=6360

x=6360-4600

x=1760

Therefore cost of watch=1760rs