Question

A farmer borrowed ₹5300 at 8% interest p.a. At the end of 1/2 whole 2 years he cleared his account by paying ₹4600 and a watch. Find the cost of watch.​

Answer 1

refers to the attached pages for your required answer( WANTED ) :-----

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Answer 2

Step-by-step explanation:

Total interest = ( P × T × R ) /100

( 5300 × 2.5 × 8 ) / 100 = 1060

total amount to be paid with interest is = P + total intetest

= 5300 + 1060 = 6360

Let the cost of watch is A , then

A + 4600 = 6360

A = 1760