Question

Michel lent ₹8500 to Rocky at 10 10%p.a.If Rocky discharges the debt after 15 Months by giving his old motorcycle and ₹4300, find the cost of motorcycle.

Answer 1

Hello

By the formula of Simple interest
p × t × r / 100 = i

here,
p= 8500 Rs.

t= 15/12

r= 10%

I= interest

8500×15×10/100×12
=10625

Amount= I+p
=10625+8500= 19125 Rs.

he give 4300 Rs.

Then the cost of the motorcycle is

19125-4300=14825 Rs.




hope it helps