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A borrowed Rupees `2500` from B at `12%` per annum compound interest. After 2 years, A gave Rupees `2936` and a watch to B to clear the account. Find the cost of the watch. |
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Answer» `A` borrowed Rs `2500` from `B` at `12%` per annum compound interest. So, final amount after `2` years `= 2500(1+12/100)^2` `= 2500**112/100**112/100 = 3136` Now, `A` gave `2936` Rs and a watch to clear the account. Let cost of the watch is `x` Rs. `:. x+2936 = 3136` `=> x= 200` `:.` Cost of the watch is `200` Rs. |
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