Anil borrowed ₹60000 at 15% interest per annum from a money lender.At the end of two years he cleared all his account for paying ₹ 30000 and a gold coin.Find the value of the gold coin.
Answers
Answered by
26
P=60000
r%=15%
t=2years
SI=P*r*t/100=(60000*15*2)/100=600*30=18000
Amount =60000 +18000 =78000
Cost of coin =78000-30000=48000
r%=15%
t=2years
SI=P*r*t/100=(60000*15*2)/100=600*30=18000
Amount =60000 +18000 =78000
Cost of coin =78000-30000=48000
Similar questions