Question

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 ?

Answer 1

this is the answer but write it some more detailed and some neatly

Answer 2

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.) $= \frac{P\times R \times T}{100}$

$= \frac{16,000\times 18 \times 2}{100}$

$= 160\times 36$

= 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.