Question

shiv borrowed rs 6000 from aman at 9% p.a after 4 year shivam cleared the account by giving 7100 and a cycle to anish. find the cost of cycle ​​

Answer 1

Answer:

1060

Step-by-step explanation:

Principal = Rs. 6000

Rate = 9%

Time = 4 yrs.

So, SI = 6000 × 9 × 4/100

= 2160

Then the total amount he has to give = 6000 + 2160

= Rs. 8160

Amount he gave = Rs. 7100

Remaining amount = CP of cycle

= 8160 - 7100

= Rs. 1060