A farmer borrowed rs 6500 from a money lender at 8%p.a. after 5 years the farmer cleared the accont by giving rs 8000 and two gold coins find the cost of each coin.
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Answered by
38
pricipal=6500
rate=8%
time=5year
si=6500*8*5/100
=2600
amount=si+p
=6500+2600
= 9100
let value of two gold coin be x
so 8000+x=9100
x=9100-8000
x=1100rupee
value of two gold coin=1100
value of one gold coin=1100/2=550rupee
rate=8%
time=5year
si=6500*8*5/100
=2600
amount=si+p
=6500+2600
= 9100
let value of two gold coin be x
so 8000+x=9100
x=9100-8000
x=1100rupee
value of two gold coin=1100
value of one gold coin=1100/2=550rupee
tamanna35:
principal+simple interest =6500+2600=9100 cost of two coins=9100-8000 =1100 :cost of each coin =1100/2= 550
this is too short for this question
calculate interest using principle× rate%×time ;= 2600×8/100 ×5 = 2600
Answered by
19
the P principal -6500
R rate of interest-8%
T time -5
then the interest is
I=PTR/100
6500×5×8/100=2600rs
so the total money to be paid by the farmer to the lender after 5year is 6500+2600=9100
the farmer paid rs 8000 so the rest money will be 9100-8000=1100
of the price of 2 gold coins =1100 or the price of 1 gold coin =1100/2=550 so
the cost of each coin is Rs-550
R rate of interest-8%
T time -5
then the interest is
I=PTR/100
6500×5×8/100=2600rs
so the total money to be paid by the farmer to the lender after 5year is 6500+2600=9100
the farmer paid rs 8000 so the rest money will be 9100-8000=1100
of the price of 2 gold coins =1100 or the price of 1 gold coin =1100/2=550 so
the cost of each coin is Rs-550
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