Question

Ashish borrowed Rs. 12000. From abhijeet at 8 % per annum. After six year Ashish cleared the account by giving an old T.V. and Rs. 15000. Find the cost of the old T.V.

Answer 1

Answer:

If it is on simple interest, then interest in 6 years

=12000×(8/100)×6

=120×8×6=5760

So the total amount he has to give

=12000+5760=17760

cost of old t v =17760-15000=2760