a farmer borrowed rupees 7500 from money lender at 8% per annum. After five years the farmer cleared the account by giving rupees 10000 and two gold coins. find the cost of each coin.
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Answer:
Step-by-step explanation:
P= 7500
R=8%
T= 5 years
PTR /100 =I(interest)
7500×8×5/100
= 3000/-
Amount = principal (p)+ interest (I)
7500+3000=10500
10500-10000=500
2 gold coins 500
1 gold coin = 250
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