Question

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

Answer 1

Amount lent = ₹ 2550
Rate of interest = 7.5 %


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There is interest of 12 months therefore
=> 7. 5 * 2550 / 100
=> ₹ 191. 25


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Interest for 8 months = ₹ 127.5

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This , amount he returned = ₹ 2677. 5


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Amount given = 1422.5 + Amount of TV
=> 2677.5


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Amount of TV = 1255₹

Answer 2

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