Ravi borrowed Rs 20,000 at 2% per annum and Rs 10000 at 5% per annum. He cleared his deft after 2 years by giving Rs 800 and a watch. What is cast of by watch.
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si1 = 20000×2×2/100 = 800
si2 = 10000×2×5/100 = 1000
total money to return = 20000+10000+800+1000 = 31800
cost of watch =31800-800 = 31000
si2 = 10000×2×5/100 = 1000
total money to return = 20000+10000+800+1000 = 31800
cost of watch =31800-800 = 31000
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