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  • John lent Rs 2550 to Mohan at 7.5 per cent per annum. If Mohan discharges the debt after 8 months by giving an old black and white television and Rs 1422.50;find the price of television.

John lent Rs 2550 to Mohan at 7.5 per cent per annum. If Mohan discharges the debt after 8 months by giving an old black and white television and Rs 1422.50;find the price of television.

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Solution:

SI=P imes R imes T/100\ \Rightarrow P=2550, T=8/12,R=7.5%\ \Rightarrow SI=2550 imes 8/12 imes 7.5/100=127.5\ \Rightarrow A=P+SI=(2550+127.5)=2677.5

 

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Deependra Verma

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