Question

Karan borrowed Rs 8000from Kunal at 16 percentage per annum. after 2 years he gave Kunal Rs 9200 and a bicycle to settle the account . find the cost of the bicycle

Answer 1

P- Rs.8000
R-16%
T-2yrs

Therefore, S.I - P×R×T/100
S.I- Rs. 2560

Amount to be returned- Rs. (8000+2560)
-Rs. 10560

So, Cost of bicycle - Rs. (10560-9200)
-Rs. 1360

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