# John lent Rs.2550 to Mohan at 7.5%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.

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Rate of interest = 7.5%

interest for 12 months = 7.5 * 2550/100 = Rs.191.25

interest for 8 months = Rs.127.5

So amount to be returned = 2677.5

amount given = 1422.5 +amount of TV = 2677.5

amount of TV = Rs.1255