Question

a man borrowed rupees 48000 from a bank at 7.5 % 43 years after completion of time he gave rupees 55000 and watch to the bank to settle the loan what was the price of the watch​

Answer 1

Answer:

principal amount=48000 rs

rate=7.5%

time=43years simple interest=(48000)(7.5)(43)/10

SI=154800rs

total amount he should give=48000+154800=202800

he gives rs 55000+ watch

so watch should cost=202800-55000=147800rs