John led Rs.2550 to Mohan at 7.5% per annum.If Mohan discharges the debt after 8 months by giving a television and Rs.1422.50.Find the price of the television.
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Principle = rs 2550
Rate of interest per annum = 7.5%
Time = 8 months
=8/12 years = 2/3 years
So, S.I = PxTxR /100
=2550 x 2 x 7.5/100 x 3
=127.5
So,amount = P +S.I
=2550 + 127.5
=rs 2677.5
Therefore, price of television = 3828-2677.5
=1150.5
Rate of interest per annum = 7.5%
Time = 8 months
=8/12 years = 2/3 years
So, S.I = PxTxR /100
=2550 x 2 x 7.5/100 x 3
=127.5
So,amount = P +S.I
=2550 + 127.5
=rs 2677.5
Therefore, price of television = 3828-2677.5
=1150.5
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