Question

Anil borrowed ₹ 20000 from sam at 8% per annum. After 6 years, he cleared the amount by giving ₹ 26000 cash and a scooter. Find the cost of the scooter.

Answer 1

The cost of scooter is Rs. 3600

Please refer the above photograph for the used process.


KEY POINTS TO REMEMBER :-

☸️ Simple Interest = (p*r*t) /100


☸️ Amount = Principle + simple Interest


☸️ Cost of article given at the time of clearing the borrowed amount is equal to Total Amount - Cash paid with the article.


Thanks!

Answer 2

a man borrowed Rs 4000 on 20th june and returned Rs 4200 on 1st September in the same year. find the rate of interest

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