Question

Sara borrows ₹25000 at 8%p.a. for 3 years.At the end of 3 years,she pays ₹19000 and a video camera.What is the value of the video camera?​

Answer 1

Answer:

Cost of video camera = Rs.12000

Step-by-step explanation:

Interest = principal amount × rate of interest × time divided by 100 so in this way we get interest amount = Rs.6000 so total repayable amount = 25000+6000= Rs.31000 so Subtracting given money from Rs.31000 we get our answer

Rs.12000

Answer 2

Answer:

The value of the camera is Rs. 12,000.

Step-by-step explanation:

Given :

Borrows = Rs. 25,000

Rate % = 8%

Time = 3 years

She pays = Rs. 19,000 and a video camera

To find :

The cost of the video camera

Solution :

First find the total amount Sara needs to pay back -

Principal = 25,000

Rate = 8

Time = 3

$\boxed{\tt{SI = \frac{Principal \times Rate \times Time}{100}}}$

$\tt{\implies} \: SI = \dfrac{25000 \times 8 \times 3}{100} \\ \\ \tt{\implies} \: SI =250 \times 8 \times 3 \\ \\ \tt{\implies} \: SI =250 \times 24 \\ \\ \tt{\implies} \: SI =6000$

Simple Interest = Rs. 6000

$\rule{300}{1.5}$

★ Amount -

$\boxed{\tt{Amount = Principal + Simple \: Interest}}$

$\tt{\implies} \: 25000 + 6000 \\ \\ \tt{\implies} \:31000$

Amount = Rs. 31,000

$\rule{300}{1.5}$

Sara pays Rs.19000 back and a video camera. The remaining amount which is left by giving Rs. 19000 is repayed by giving the camera.

Price of the camera -

$\tt{\implies} \:Total \: amount - Amount \: paid \\ \\ \tt{\implies} \:31000 - 19000 \\ \\ \tt{\implies} \:12000$

Value of the camera = Rs. 12,000

$\therefore$ The value of the camera is Rs. 12,000.