Question

Rita borrowed rupees 14600 from her friend at 12% per annum. After 2 years, she paid rupees 15304 and a watch to clear of the debt. What is the cost of the watch?

Answer 1

SI=P*R*T/100
=14600*12*2/100
=3504
A=14600+3504
=18104

Price of the watch =18104-15304
=Rupees2700

Answer 2

Answer:

Cost of the watch is Rs. 2800

Step-by-step explanation:

Given;

Amount of money Rita borrowed (P)= Rs. 14600

Rate (r) = 12% per annum

Time (t)= 2 yrs.

S.I.= (P × r × t ) /100

    = (14,600 ×12×2)/100

     = 146×12×2= Rs.3504

Amount of money she has to pay = P +S.I

                                                        = 14,600 +3,504= RS. 18,104

Amount of money she paid cash = Rs.15,304

Cost of the watch=money she has to pay - amount of money she paid in cash

                            = 18,104 - 15,304 = RS. 2800