Ramesh borrowed Rs 2000 at 2% per annum and
Rs 1000 at 5% per annum. He cleared his debt after
2 years by giving Rs 2800 and a watch. What is the
cost of the watch?
PLS HELP ME DO IT
Answers
Answer:
Principal amount borrowed by Romesh = Rs 2000
R =2% p a
T =2 years
Interest = P*R*T/100
=2000*2*2/100
=80 Rs.
Principal amount borrowed by Romesh = Rs 1000
R = 5 % p a
T = 2 years
Interest=P*R*T/100
=1000*5*2/100
= Rs 100
Total amount that he will have to return = Rs. 2000 + 1000 + 80 + 100 = Rs. 3180
Amount repaid = Rs. 2800
Value of the watch = Rs. 3180 — 2800 = Rs. 380
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Answer:
Ans = ₹380
Step-by-step explanation:
FIRST BORROWED MONEY =
P = ₹2000
T = 2 YEARS
R = 2% p.a.
S.I = PTR/100 = ₹ 2000*2*2/100 = ₹80
AMOUNT = S.I + P = ₹(2000 + 80) = ₹2080
SECOND BORROWED MONEY =
P = ₹1000
T = 2 YEARS
R = 5% p.a.
S.I = PTR/100 = ₹ 1000*2*5/100 = ₹100
AMOUNT = ₹(1000+100) = ₹1100
TOTAL AMOUNT OF MONEY = ₹(2080 + 1100) = ₹3180
MONEY CLEARED BY RAMESH IN CASH = ₹2800
COST OF THE WATCH HE GAVE =
₹(3180 - 2800) = ₹380
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