ankit borrowed rs50000 at 12% p.a. and cleared the account by paying rs40000 and his motorcycle at the end of 3 years. find the cost of the motorcycle. make it fast it's very very very urgent.
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principal=Rs50000
Rate of interest =12
Times=3years
find the cost of motorcycle
so first we find the interest
interest= 50000x12x3
100
interest= 18000
Now total money =50000+18000
=68000
so cost of motorcycle=
68000-40000 =28000
the cost of motorcycle is rs 2800
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