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 television.
Answers
Answered by
27
Interest in 8 months(2/3 years) = PTR/100 = 2550*(2/3)*7.5/100 = Rs. 127.5
So Mohan had to return = 2550+127.5 = Rs. 2677.5
Cash = Rs. 1422.5
Price of TV = 2677.5 - 1422.5 = Rs. 1255
Price of TV is Rs. 1255.00.
So Mohan had to return = 2550+127.5 = Rs. 2677.5
Cash = Rs. 1422.5
Price of TV = 2677.5 - 1422.5 = Rs. 1255
Price of TV is Rs. 1255.00.
Answered by
14
SI=P*R*T/100
where,
P=Rs.2550
T=8/12
R%=7.5
2550*8*7.5/12*100
153000/1200
127.5
A=P+SI
A=Rs.(2550+127.5)
A=Rs2677.5
AMOUNT OF TELEVISION=AMOUNT-AMOUNT ALREADY PAID
2677.50-1422.50=Rs.1255
THEREFORE, PRICE OF TELEVISION=Rs.1255
where,
P=Rs.2550
T=8/12
R%=7.5
2550*8*7.5/12*100
153000/1200
127.5
A=P+SI
A=Rs.(2550+127.5)
A=Rs2677.5
AMOUNT OF TELEVISION=AMOUNT-AMOUNT ALREADY PAID
2677.50-1422.50=Rs.1255
THEREFORE, PRICE OF TELEVISION=Rs.1255
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