Mohan borrows Rs 10,000@ 8% pa for 4 years. At the end of the ******,

Question

Mohan borrows Rs 10,[email protected] 8% pa for 4 years. At the end of the **, he pays Rs 6000 in cash, and for the balance amount, he gave his mobile. Find the cost of the mobile.

Answer 1

SI = PRT/100 = 1000084/100=3200

Amount = p+SI = 10000+3200=13200

cost of mobile = 13200-6000=7200