A farmer borrowed 2400 at 12% interest per annum. At the end of 2*1/2 years, he cleared his account by paying 1200 and a cow. what is the cost of the cow??
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Principal = Rs 2400, Rate = 12% pa.
Thus, CI for 2.5 years = Rs 1743.48.
He pays Rs. 1200.
So cost of Cow = 1743.48 - 1200
= 543.48 Rs = Rs 543 approx.
Thus, CI for 2.5 years = Rs 1743.48.
He pays Rs. 1200.
So cost of Cow = 1743.48 - 1200
= 543.48 Rs = Rs 543 approx.
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