Question

Reema took a loan of ₹8000 from a money lender,who charged 18% per annum.After 2 years , Reema paid him ₹10400 and a wrist watch to clear debt. What is the cost of the watch​

Answer 1

Answer:

$18 \div 100 \times 8000$=1440

money lender gave charge of 1440 rupees per annum

Reema paid charge after 2 years

then charge will be double

=

$1440 \times 2$

=2880

She paid the charge of 2 years rupees 2880

Reema paid rs 10400

charge + loan = total amount

$2880 + 8000$

=10880

we have to find out cost of wrist watch

so,Total amount -Reema's paid amount.

$10880 - 10440$

=440

Answer,The cost of wrist watch is rupees 440.