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ICSE Class 8 Answered

1) An office receptionist took ₹8000 as a personal loan from the manager for 6 months at 11%per annum simple interest. At the end of 6 months, she gave the manager ₹3500 & a gold coin to settle her dues. At what price did the manager get the gold coin?      
Asked by Cl_narayan | 25 Nov, 2019, 05:41: PM
Expert Answer
Here, P=Rs. 8000, n=1/2 and R=11%
She gave Rs 3500 & a gold coin
Therefore, price of the gold coin = Amount - 3500 = Rs. 4940
Hence, the manager get the gold at coin at Rs. 4940.
Answered by Renu Varma | 25 Nov, 2019, 06:26: PM

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