Question

0 18. A farmer brought a loan of Rs 12500 from a bank at the rate of 4% per annum simple interest. After 5 years he cleared the account by paying Rs 11500 and a cow. Find the price of the cow.​

Answer 1

Answer:

answer is the cow price is 3,500

Answer 2

Step-by-step explanation:

interest of one year 4% of 12500 i.e 500rs

interest rate of 5 year = 500*5 =2500

total loan amount with interest of 5 years is =loan amount + interest of 5 year = 12500+2500= 15000

amount paid is = 11500

remaining amount is the price of cow =15000-11500= 3500