a farmer borrowed 18000 from a cooperative society at12% per annum simple interest . after 3year , he repaid the entire loan by paying 20000 in cash and a buffalo to cover the remaining amount . calculate the value of the bufflo rupees
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Answered by
7
Answer:
SIMPLE INTEREST = P* R* T/ 100
=18000*12*3/100
180*36
5480
AMOUNT =PRINCIPLE, SIMPLE INTEREST
=18000,5480
23480
COST OF BUFFALO= 23480- 20000
= 3480
Answered by
0
Answer:
18000×3×12÷100=6480
total amount he borrowed=18000+6480=24480
cost of baffalo=24480-20000=4480
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