Anil borrowed Rs 360 at Rs 15 % p.a. At the end of 2 years he paid Rs 200 and a watch .Find the cost of the watch.
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Answer:
Step-by-step explanation:
Now this is a example of simple interest
Let cost of watch be x
Now at first
P = 360
R= 15%
T=2
SI=
= 360 * 15 * 2 / 100
= 36*3
= 108
Now total cost to be paid
= P + SI
= 360+108
= 468
He paid 200 + watch
Thus 468=200+x
x=268
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