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Get Answers to all your Questions
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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