Peter borrowed Rs 2000 from steve at 8% per annum.After 6yrs he cleared the amount by giving Rs 2600 cash and a watch. find the cost of the watch easy method.
Answers
Answered by
3
Hey mate !!!!
Here is the solution of your question :-
Amount of money Peter borrowed = Rs. 2000
Rate of interest = 8%
time taken = 6 years .
SI = P × R × T / 100
=> 2000×8×6/100
=> 20× 48
=> 960
SI = 960 .
Amount = 2000+960
= 2960
Amount payed by cash = Rs. 2600
Cost of watch = 2960-2600 = 360
Hence the cost of watch is Rs. 360
Answered by
1
Answer:
P=Rs. 2000
rate=8%
time= 6 years
SI=(P*r*t)/100
=(2000*8*6)/100=20*8*6
=20*48=Rs. 960
Amount=P+SI=2000+960=Rs. 2960
Peter gives (2600+watch) to clear amount
2600+watch=2960
watch=2960-2600
watch=Rs. 360
Step-by-step explanation:
Similar questions