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

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1 Answers

SI = P*R*T/100 = 10000*8*4/100=3200

Amount = p+SI = 10000+3200=13200

cost of mobile = 13200-6000=7200

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