14. John lent2,550 to Mohan at 7-5 per centper annum. If Mohan dischar

1.	14. John lent2,550 to Mohan at 7-5 per centper annum. If Mohan discharges the debt after8 months by giving an old black and whitetelevision and 1,422.50. Find the price ofthe television.
Answer» Amount lent = Rs.2550 Rate of interest = 7.5% Interest for 12 months = 7.5 * 2550/100 = Rs.191.25 Interest for 8months= Rs.127.5 So amount to be returned = 2677.5 amount given = 1422.5 +amount of TV = 2677.5 amount of TV = Rs.1255

14. John lent2,550 to Mohan at 7-5 per centper annum. If Mohan discharges the debt after8 months by giving an old black and whitetelevision and 1,422.50. Find the price ofthe television.

Answer»

Amount lent = Rs.2550

Rate of interest = 7.5%

Interest for 12 months = 7.5 * 2550/100 = Rs.191.25

Interest for 8months= Rs.127.5

So amount to be returned = 2677.5

amount given = 1422.5 +amount of TV = 2677.5

amount of TV = Rs.1255