Ankit borrowwed rupees 50000at 12%p.a. and cleared. the account by paying rupees 40000 and his motorcycle at the end of 3 yrs. Find the cost of the motorcycle .
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p = 50000
r = 12%
t = 3 years
SI = 50000×12×3/100
SI = 500×36
SI = 18000
Amount = principal + SI
40000+ motorcycle = 50000+ 18000
motorcycle = 68000- 40000 = 28000
r = 12%
t = 3 years
SI = 50000×12×3/100
SI = 500×36
SI = 18000
Amount = principal + SI
40000+ motorcycle = 50000+ 18000
motorcycle = 68000- 40000 = 28000
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