Question

1. Karan and Karim borrowed equal sum of Rs. 7500 from a friend at a rate of 11% per annum. If Karan returns the amount after 3 and half years and Karim returns the amount in 4 and half years, find the difference in the amounts paid by them. 2. A farmer borrowed Rs. 20000 at 14% per annum from a money lender. At the end of 2% years, he cleared the amount by paying Rs.15000 and a cow. Find the cost of the cow. (Hint: Amount = Rs.15000 + cost of cow) 3. Find the simple interest onRs.500 for six months at the rate of 2 paise per rupee per month . 4. Ramesh opened a saving bank account on 23 August 2003 with a deposit of Rs.3000. He closed his account on 4th November 2003. If the bank paid him 8% interest, what amount did he receive?​

Answer 1

Answer:

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Step-by-step explanation:

Let the amount be given of Simple Interest

For karan the interest is

SI = 7500*11*3.5/100

= 2,887.5

Total amount Paid = 10,387.5

For Karim the interest is

SI = 7500*11*4/100

= 3,300

Total amount Paid = 10800

The difference in the amount paid by them,

= 10800 - 10387.50

= Rs 412.5