Farmer borrowed rupees 6500 at 5% interest per annum at the end of 2 years he cleared his account by playing rupees 6000 and watch find the cost of watch
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P= ₹6500
R=5%
T=2 yrs
SI= P×R×T/100
6500×5×2/100
=₹650
Amount=P+SI
= ₹6500+₹650
= ₹7150
Money paid=₹6000
Cost of watch= ₹7150-₹6000
=₹1150 Ans
Hope it helps!
R=5%
T=2 yrs
SI= P×R×T/100
6500×5×2/100
=₹650
Amount=P+SI
= ₹6500+₹650
= ₹7150
Money paid=₹6000
Cost of watch= ₹7150-₹6000
=₹1150 Ans
Hope it helps!
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