# Ravi borrowed rs 2000 at 2% per annum and rs 1000 at 5% per annum.he cleared his debt after 2 years after giving rs 2800 and a watch. Want is the cost of the watch.

2
by chaurasia

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by chaurasia

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Principal=₹2000, Time=2 yrs, Interest=2%

Amount=P*R*T=2000*2*2%=₹80

Total=₹2000+₹80=₹2080

Principal=₹1000, Time=2 yrs, Interest=5%

Amount=P*R*T=1000*2*5%=₹100

Total=₹1000+₹100=₹1010

Cost of watch =₹3090-₹2800=₹290