a farmer broowed 5,300 ruppees 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?
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Answer:
1760
Step-by-step explanation:
Principal = 5300
Rate = 8%
Time = 5/2 = 2.5 years
S.I.=
\begin{gathered} = \frac{p \times r \times t}{100} \\ = \frac{5300 \times 8 \times 2.5}{100} \\ = 53 \times 8 \times 2.5 \\ = 53 \times 20 \\ = 1060 \\ \end{gathered}=100p×r×t=1005300×8×2.5=53×8×2.5=53×20=1060
Amount = 5300 + 1060
=6360
Amount Paid= 4600
Price of watch= 6360-4600
=1760
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