SOLUTION: john lent rs 2250to mohanat 7.5 percent per annum. if mohan discharges the debt after 8 months by giving an old blavk and white television and rs 1422.50; find the price of the tel
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Question 316134: john lent rs 2250to mohanat 7.5 percent per annum. if mohan discharges the debt after 8 months by giving an old blavk and white television and rs 1422.50; find the price of the television. Answer by mananth(16946) (Show Source):
You can put this solution on YOUR website! 2250 @ 7.5%
Interest for 3/4 year = 2250*0.075*3/4
=Rs 126.5
..
Amount he has to return = 2250+126.5
=Rs. 2376.5
he returns 1422.5
2376.5-1422.5
=Rs. 954
This is the price of TV
Ananth
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