A farmar borrowed Rs 2400 at an interest of 12% per annum .At the end of 2 1/2 years, he cleared his account by paying Rs 1200 and cow.Find the cost of cow?
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Principal- 2400
ROI-12%
Time- 2½ years= 5/2 years
SI= PxRxT/100
2400x12x5
100x2
=720
Amount= P-SI
2400-720= 400
Therefore Cost of cow is RS 400
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