David lent ₹27000 to Leo at 8% per annum. If Leo repays the debt after 8 months by giving him a color television and ₹14200 cash, find the price of the television.

(Use simple interest).

₹ 14200

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₹ 14500

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₹ 14240

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₹ 15200

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Solution

The correct option is C
₹ 14240

Given : P = ₹27000 , R = 8% and T = $\frac{8}{12}$ years

SI = $\frac{P \times R \times T}{100}$

= $\frac{27000 \times 8 \times 8}{12 \times 100}$

= ₹1440

$∴$ Amount = SI + P = 1440 + 27000 = ₹28440

Amount returned in cash = ₹14200

$∴$ Cost of the television = ₹28440 - ₹14200 = ₹14240

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David lent ₹27000 to Leo at 8% per annum. If Leo repays the debt after 8 months by giving him a color television and ₹14200 cash, find the price of the television. (Use simple interest).

The correct option is C ₹ 14240 Given : P = ₹27000 , R = 8% and T = 812 years SI = P×R×T100 = 27000×8×812×100 = ₹1440 ∴ Amount = SI + P = 1440 + 27000 = ₹28440 Amount returned in cash = ₹14200 ∴ Cost of the television = ₹28440 - ₹14200 = ₹14240

David lent ₹27000 to Leo at 8% per annum. If Leo repays the debt after 8 months by giving him a color television and ₹14200 cash, find the price of the television.

(Use simple interest).