Question

Ashish lent ₹ 10500 to sunidhi at 7% per annum simple interest . after 5 years , sunidhi discharged the debt by giving a watch and ₹13000 in cash . what is the value of the watch? solve this question in paper

Answer 1

Answer:

here

Principal = P = 10500

rate of interest = R = 7%

time = 5 years

type of interest = simple interest

simple interest = PTR/100

= 10500 x 5 x 7 /100

= 105 x 35

= 3675.

Amount to be returned after 5 years = P + R

= 10500 + 3675

= 14175

Cash given = 13000

remaining balance = 14175 - 13000

= 1175

watch given in lieu of balance amount and debt settled.

so value of watch = 1175 rupees.

Answer 2

Answer:

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