Question

6. A farmer borrowed 2,400 at 12% interest per annum. At the end of three years, he repaid 1,200 and a cow for the balance amount. Find the
cost of the cow.​

Answer 1

$\huge\fcolorbox{black}{cyan}{answer}$

Principal = 2,400

Rate of intetest = 12% P.A

Time. = 3 years

$simple \: interest \: = \frac{p \times r \times t}{100}$

$= \frac{2400 \times 12 \times 3}{100}$

$= rupees \: 864$

Amount = 2400 + 864 = 3264

Amount repaid by farmer = 1200

Cost of the cow = (3264 – 1200)

= 2,064

Therefore cost of the cow is =

$\huge\fcolorbox{black}{red}{rupess \: 2064}$

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