Question

a farmer borrowed 15000 from money lender at simple interest of 15% per annum at the end of 3 years 6 months he settled the loan after paying 15000 cash and a motorbike find the value of the motorbike​

Answer 1

Answer:

Step-by-step explanation:here Principal is 1500 ,Rate is 15% and Time is 3y 6m means =42 months (3 years x 12 to make it in month and add 6months to it means 36 months and add 6 months 42 months) so simple interest  will be P x R x T by 100 so =(1500 x 15 x 42 /100 x 12 ) 12 because the no of months .simply it you will get si(simple interst) as 7875

Amount = P+SI =15000+7875

22875 Ans.

Second step farmer give him Rs 15000 and a bike then cost of bike equals 22875-15000=7875

Hope it will help you!

If yes than please mark me brainliest by pressing crown button, like and vote my answer!

Thank you.