Question

Q6. A man took a loan of 6 lakh from his friend at the simple interest rate of 9% p.a. At the end of 3 years,
he cleared his debt by paying 3lakh and giving his flat to his friend. What was the price of the flat?​

Answer 1

Answer:

The man took a loan from his friend, P = Rs 600000

The rate of interest, R = 9%  p.a.

Time period, T = 3 years

Required Formula:

Simple Interest, S.I. =  

Amount, A = P + I

Substituting the given values in the formula

S.I. =  = Rs. 162000

                     

∴ Amount = 600000 + 162000 = Rs. 762000

Also given that, the man cleared his debt by paying Rs. 3 lakh at the end of 3 years

Thus,

The price of the flat will be,

= 762000 - 300000

= Rs. 462000

Step-by-step explanation:

Answer 2

Answer:

I AM NOT KNOWING THE ANSWER

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