4.A farmer borrowed 5,300 at 8% interest per annum. At the end of 2yea

1.	4.A farmer borrowed 5,300 at 8% interest per annum. At the end of 2years, he cleared his account by paying 74,600 and a watch. Find the costof watch.and $ 1 000 at 5% per annum
Answer» Step-by-step EXPLANATION: Principal = 5300 Rate = 8% Time = 5/2 = 2.5 years S.I.= = 100 p×r×t = 100 5300×8×2.5 =53×8×2.5 =53×20 =1060 AMOUNT = 5300 + 1060 =6360 Amount Paid= 4600 Price of WATCH= 6360-4600 =1760

4.A farmer borrowed 5,300 at 8% interest per annum. At the end of 2years, he cleared his account by paying 74,600 and a watch. Find the costof watch.and $ 1 000 at 5% per annum

Answer»

Step-by-step EXPLANATION:

Principal = 5300

Rate = 8%

Time = 5/2 = 2.5 years

S.I.=

100

p×r×t

100

5300×8×2.5

=53×8×2.5

=53×20

=1060

AMOUNT = 5300 + 1060

=6360

Amount Paid= 4600

Price of WATCH= 6360-4600

=1760