Q.22- Karan borrowed from Kartik at 7% per annum. After 5 years Karan cleared the account by giving 6400RS
And a cycle to Kartik. find the cost of cycle.
0.23- The cost nrice nf 15 hooks is equal to the rolling nion nf 1
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Q-22:
P = Rs 6000
R = 7%
T = 5 years
A = 6080 [1 + 7/100]^5
6080= [107 x 100]x[107 x 100]x[107 x 100]x[107 x 100]x[107 x 100]
= Rs 8415.31
Money = 8415.31 - 6400
= Rs 2015.31
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