Question

Sonam borrowed ₹2200 from Meena at the rate of 7% p.a for 5 years.At the end of five years,sonam returned ₹2100 and a hand Mixie . Find the price of the Hand Mixie.

Answer 1

Answer:

The ans is 100 ruppes only

Answer 2

SOLUTION

GIVEN

• Sonam borrowed ₹2200 from Meena at the rate of 7% p.a for 5 years.

• At the end of five years,sonam returned ₹2100 and a hand Mixie .

TO DETERMINE

The price of the Hand Mixie.

EVALUATION

Here it is given that Sonam borrowed ₹2200 from Meena at the rate of 7% p.a for 5 years.

Principal = P = ₹ 2200

Time = T = 5 years

Rate of interest = 7%

∴ Interest

$\displaystyle \sf{ = \frac{PRT}{100} }$

$\displaystyle \sf{ = \frac{2200 \times 5 \times 7}{100} }$

$\displaystyle \sf{ = 22 \times 5 \times 7}$

$= 770$

So after 5 years Sonam has to pay

= ₹ ( 2200 + 770 )

= ₹ 2970

Now sonam returned ₹2100 and a hand Mixie

∴ The price of hand mixie

= ₹ ( 2970 - 2100 )

= ₹ 870

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