Ravi borrowed rs 2000 at 2% per annum and rs 1000 at 5% per annum.he cleared his debt after 2 years after giving rs 2800 and a watch. Want is the cost of the watch.

Answers (1)

Simple interest = 2000x2x2/100 + 1000x5x2/100 

                        = 80 + 100 = Rs 180

Total amount = 2000 + 1000 + 180

                      = Rs 3180

Cost of the watch = Rs 3180 - Rs 2800

                             = Rs 380

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