manisha took a loan of Rs 16000 from kamini ,who charged rate of interest 18% p.a. after 2 year manisha paid her Rs 20800 and a wrist watch of to clean the account what is the value of wrist watch ?
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Answered by
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The value of wrist watch is "Rs. 960".
Step-by-step explanation:
Given,
Principle(P) = Rs. 16,000, rate(R) = 18 % and time (T) = 2 years
Also, after 2 year manisha paid = Rs. 20800
To find,
The value of wrist watch = ?
We know that,
Simple interest (C.I.)
= Rs. 5760
∴ Total amount = Principle + SI
= Rs. 16,000 + Rs. 5760
= Rs. 21,760
∴ The value of wrist watch = Rs. 21,760 - Rs. 20800 = Rs. 960
Hence, the value of wrist watch is Rs. 960.
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