Question

A man borrowed Rs.1200 at a rate of 12 p.c.p.a. After 2 years, he cleared his debt by paying Rs. 750 and wrist watch for the rest of amount. Find the value of wrist watch.

a. Rs. 1588
b. Rs. 838
c. Rs. 738​

Answer 1

Answer:

Answer is 738

Step-by-step explanation:

The rate of interest is 12 p.c.p.a

So,for two years it will be 24 %

24% of 1,200 is 288 rs.

Total value is 1,488 r.s

He paid 750 r.s

So the price of wrist watch is :

1,488 - 750 = 738