Manish borrowed 7 5000 at 12% per annum. At the end of 3 years, he paid back an amount of 4050 and gave her necklace for the balance amount. Find the cost of the necklace.
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Answer:
97950
Step-by-step explanation:
(Taking 12% as simple interest)
Interest = Ptr/100
=75000*3*12/100
interest =27000
Total amount to be paid = 75000+27000
=102,000 /-
cost of necklace = 102000-4050
=97950
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