Question

mr john lent his friend rs 20000 at 25/4% for 4 years.at the end of this time,his friend was unable to pay back the full amount,so he gave mr john his motor cycle valued at rs 16000 and some money.find the amount of money he gave to mr john. pls solve step by step ans with formula
Answer should come 9000 ​

Answer 1

Answer:

₹9000

Step by Step explanation:

Given: Principal: ₹20000, Rate of interest: 25/4%, Time: 4 years

Simple interest formula: P×R×T/100

So, 20000×25×4/4×100

=₹5000

Total amount= ₹20000+₹5000= ₹25000

motor bike cost= ₹16000

money his friend gave to mr.John= ₹25000- ₹16000

= ₹9000

So, his friend gave Mr. John a motor bike cost ₹16000 and gave a amount of ₹9000.