Question

John lent 2,550 to Mohan at 7.5 per cent
per annum. If Mohan discharges the debt after
8 months by giving an old black and white
television and * 1,422.50. Find the price of
the television.​

Answer 1

Step-by-step explanation:

P=RS. 2550

R=7.5%

T=8 month's =8/12 year

2/3 year

S.I= P×R×T/100

RS. 2550×7.5×2/3×1/100

RS 2550×5/100

= 12750/100

RS 127.50

Amount=P+I

= RS 2550+RS 127.50

=2677.50

Mohan paid in cash =₹1422.50

Price of the television

Amount- Paid in cash

RS 2677.50- RS 1422.50

=1255