Question

A farmer borrowed 2400 at a
n interest of 12% per annum. At the end of 2
2
years,
he cleared his account by paying 1200 and a cow. Find the cost of the cow.​

Answer 1

Step-by-step explanation:

Refer to this attachment

Answer 2

Answer:

Hi,

Principal = P = Rs 2400 =

Rate of interest ( 1 ) = 12%

Time = T = 2 1/2 years = 5 /2 years

Amount = A

We know that,

A = P (1+ TR /100 )

= 2400[ 1+ (5 x 12)/(2 x 100 )] =

= 2400 x [( 100 + 60 ) /200]

2400 x 160 /200

A = RS 3120 =

According to the problem given ,

1200 + cost of cow = A

Cost of the cow = 3120 1200

= Rs 1920

I hope this helps .