john lent rs 2550 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 rs 1422.50. find the price of the the television
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Amount lent = ₹ 2550
Rate of interest = 7.5 %
..........
There is interest of 12 months therefore
=> 7. 5 * 2550 / 100
=> ₹ 191. 25
...........
Interest for 8 months = ₹ 127.5
..........
This , amount he returned = ₹ 2677. 5
...........
Amount given = 1422.5 + Amount of TV
=> 2677.5
.........
Amount of TV = 1255₹
Rate of interest = 7.5 %
..........
There is interest of 12 months therefore
=> 7. 5 * 2550 / 100
=> ₹ 191. 25
...........
Interest for 8 months = ₹ 127.5
..........
This , amount he returned = ₹ 2677. 5
...........
Amount given = 1422.5 + Amount of TV
=> 2677.5
.........
Amount of TV = 1255₹
Mattrikadhawan:
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