Sameer borrows Rs 40,000 from his friend at the rate of 12%
per annum for 2.5 years. He cleared his debt by paying him Rs
25,000 and a television set. What was the price of the TV set.
Answers
Answered by
0
Answer:
Here, V=Rs.30000,r=12%=0.12 and n=20.
We know V=
r
A
[1−(1+r)
−n
]
Thus 30000=
0.12
A
[1−(1+0.12)
−20
]
⇒ A=
[1−(1+0.12)
−20
]
30000×0.12
⇒ A=
[1−(1.12)
−20
]
3600
⇒ A= Rs. 4016.76
Answered by
0
PRICE OF THE TELEVISION SET =15,000
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