# John Lent Rs. 2550 to Mohan at 7.5 Percent per Annum. If Mohan Discharges the Debt After 8 Months by Giving an Old Black and White Television and Rs. 1422.50; Find the Price of the Television. - Mathematics

Sum

John lent Rs. 2550 to Mohan at 7.5 percent per annum. If Mohan discharges the debt after 8 months by giving an old black and white television and Rs. 1422.50; find the price of the television.

#### Solution

P = Rs.2550

R = 7.5%

T = 8 months =8/12 years

=2/3 years

S.I. =("P"xx"R"xx"T")/100

= Rs. 2550xx7.5xx2/3xx1/100

= Rs. (2550xx7.5xx2)/(3xx100)

= Rs. (2500xx5)/100

= Rs.12750/100

= Rs.127.50

Amount = P + I

= Rs.2550 + Rs.127.50

= Rs.2677.50

Mohan paid in cash = Rs.1422.50

Price of the television

= Amount − Paid in cash

= Rs.2677.50 − Rs.1422.50

= Rs.1255

Concept: Concept of Principal, Interest, Amount, and Simple Interest
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#### APPEARS IN

Selina Concise Mathematics Class 8 ICSE
Chapter 9 Interest
Exercise 9 (A) | Q 14 | Page 106