Question

Rajni took a loan of ₹ 86,000 at 6% simple interest for 3 years. To repay the loan she paid ₹ 85000 and a gold ring, find the price of the ring.

Answer 1

Answer:

Rs. 16,480

Step-by-step explanation:

SI = PTR/100

Which is,

86000×3×6/100

860×3×6=15480

Therefore, the amount will be 86000+15480

101,480

Price of the ring will be:

101480-85000=16,480