a man borrowed rupees 48000 from a bank at 7.5 % 43 years after completion of time he gave rupees 55000 and watch to the bank to settle the loan what was the price of the watch
a man borrowed rupees 48000 from a bank at 7.5 % 43 years after completion of time he gave rupees 55000 and watch to the bank to settle the loan what was the price of the watch
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Answer:
principal amount=48000 rs
rate=7.5%
time=43years simple interest=(48000)(7.5)(43)/10
SI=154800rs
total amount he should give=48000+154800=202800
he gives rs 55000+ watch
so watch should cost=202800-55000=147800rs