# John lent Rs 2550 to Mohan at 7.5 per cent 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 television.

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So Mohan had to return = 2550+127.5 = Rs. 2677.5

Cash = Rs. 1422.5

Price of TV = 2677.5 - 1422.5 = Rs. 1255

Price of TV is Rs. 1255.00.

where,

P=Rs.2550

T=8/12

R%=7.5

2550*8*7.5/12*100

153000/1200

127.5

A=P+SI

A=Rs.(2550+127.5)

A=Rs2677.5

AMOUNT OF TELEVISION=AMOUNT-AMOUNT ALREADY PAID

2677.50-1422.50=Rs.1255

THEREFORE, PRICE OF TELEVISION=Rs.1255