Abhishek borrowed Rs.750 for aperiod of 6 years at the rate of 4% per annum. After fixed time, he cleared his debt by paying Rs. 300 in cash and a radio set . Find the price of the radio set .
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I=
100
500×
2
7
×6
=Rs.105
Amount = P + I
=500+105=Rs.605
∴ Price of radio =605−350
=Rs.255
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