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

₹30080

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₹11360

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₹14240

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₹12760

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Solution

The correct option is C ₹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.

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