Question

Mayank needs money for his buisiness.So he decides to take loan from bank.He borrows Rs 25000 at 8% p.a. for 3 years.At the end of 3 years.He pays rupees 19000 and a video camera.What is the value of the video camera? Also find the total amount he has to pay back to the bank after 3 years​

Answer 1

Answer:

HEY IT'S IS AN EXAMPLE U HV TO SOLVE THIS WAY

Step-by-step explanation:

From question, we have

Principal = Rs. 25000, Amount = Rs. 31000, Time =2 years

∴ S.I. = Rs. 31000− Rs. 25000= Rs. 6000

Rate =

25000×2

6000×100

=12% p.a.

Answer 2

Question

Mayank needs money for his buisiness.So he decides to take loan from bank.He borrows Rs 25000 at 8% p.a. for 3 years.At the end of 3 years.He pays rupees 19000 and a video camera.What is the value of the video camera? Also find the total amount he has to pay back to the bank after 3 years

Required Answer

HEY IT'S IS AN EXAMPLE U HV TO SOLVE THIS WAY

From question, we have

Principal = Rs. 25000, Amount = Rs. 31000, Time =2 years

∴ S.I. = Rs. 31000− Rs. 25000= Rs. 6000

Rate =

25000×2

6000×100

=12% p.a.

Explanation

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