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Romesh borrowed rs 2000 at 2% per annum and rs 1000 at 5% per annum . he cleared his debt after 2 years by giving rs 2800 and a watch.what is the cost of watch?
Verified Answer
Romesh borrowed rs 2000 at 2% per annum and rs 1000 at 5% per annum . ...
We have P= Rs 2000 at t=2% and n= 2
Then the interest = P*T*3
= 2000*2*2/100 = 80
Similarly interest on Rs1000 = 1000*5*2/100= 100
He has to pay back =2000 + 1000 + 80 + 100= 3180
ATQ Cost of watch +2800= 3180
Cost of watch = 3180 - 2800 = 380
Cost of the watch is Rs 380
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Most Upvoted Answer
Romesh borrowed rs 2000 at 2% per annum and rs 1000 at 5% per annum . ...
Given information:
- Romesh borrowed Rs 2000 at 2% per annum
- Romesh borrowed Rs 1000 at 5% per annum
- Romesh cleared his debt after 2 years by giving Rs 2800 and a watch
To find:
- Cost of the watch
Solution:
Step 1: Calculate the interest for the borrowed amounts:
- Interest for Rs 2000 at 2% per annum for 2 years:
- Interest = (Principal * Rate * Time) / 100
- Interest = (2000 * 2 * 2) / 100
- Interest = 80
- Interest for Rs 1000 at 5% per annum for 2 years:
- Interest = (Principal * Rate * Time) / 100
- Interest = (1000 * 5 * 2) / 100
- Interest = 100
Step 2: Calculate the total amount paid:
- Total amount paid = Borrowed amount + Interest
- Total amount paid = (2000 + 1000) + (80 + 100)
- Total amount paid = 3200
Step 3: Calculate the cost of the watch:
- Cost of the watch = Total amount paid - Rs 2800
- Cost of the watch = 3200 - 2800
- Cost of the watch = 400
Answer:
The cost of the watch is Rs 400.
- Romesh borrowed Rs 2000 at 2% per annum
- Romesh borrowed Rs 1000 at 5% per annum
- Romesh cleared his debt after 2 years by giving Rs 2800 and a watch
To find:
- Cost of the watch
Solution:
Step 1: Calculate the interest for the borrowed amounts:
- Interest for Rs 2000 at 2% per annum for 2 years:
- Interest = (Principal * Rate * Time) / 100
- Interest = (2000 * 2 * 2) / 100
- Interest = 80
- Interest for Rs 1000 at 5% per annum for 2 years:
- Interest = (Principal * Rate * Time) / 100
- Interest = (1000 * 5 * 2) / 100
- Interest = 100
Step 2: Calculate the total amount paid:
- Total amount paid = Borrowed amount + Interest
- Total amount paid = (2000 + 1000) + (80 + 100)
- Total amount paid = 3200
Step 3: Calculate the cost of the watch:
- Cost of the watch = Total amount paid - Rs 2800
- Cost of the watch = 3200 - 2800
- Cost of the watch = 400
Answer:
The cost of the watch is Rs 400.
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Romesh borrowed rs 2000 at 2% per annum and rs 1000 at 5% per annum . he cleared his debt after 2 years by giving rs 2800 and a watch.what is the cost of watch?
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Romesh borrowed rs 2000 at 2% per annum and rs 1000 at 5% per annum . he cleared his debt after 2 years by giving rs 2800 and a watch.what is the cost of watch? for Class 8 2024 is part of Class 8 preparation. The Question and answers have been prepared according to the Class 8 exam syllabus. Information about Romesh borrowed rs 2000 at 2% per annum and rs 1000 at 5% per annum . he cleared his debt after 2 years by giving rs 2800 and a watch.what is the cost of watch? covers all topics & solutions for Class 8 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Romesh borrowed rs 2000 at 2% per annum and rs 1000 at 5% per annum . he cleared his debt after 2 years by giving rs 2800 and a watch.what is the cost of watch?.
Romesh borrowed rs 2000 at 2% per annum and rs 1000 at 5% per annum . he cleared his debt after 2 years by giving rs 2800 and a watch.what is the cost of watch? for Class 8 2024 is part of Class 8 preparation. The Question and answers have been prepared according to the Class 8 exam syllabus. Information about Romesh borrowed rs 2000 at 2% per annum and rs 1000 at 5% per annum . he cleared his debt after 2 years by giving rs 2800 and a watch.what is the cost of watch? covers all topics & solutions for Class 8 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Romesh borrowed rs 2000 at 2% per annum and rs 1000 at 5% per annum . he cleared his debt after 2 years by giving rs 2800 and a watch.what is the cost of watch?.
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