A farmer borrowed 3600 rupees and at 15% interest per annum.At the end of 4 years, he cleared his account by paying 4000 rupees and 1 cow . Find the cost of a cow.
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⚡Hey mate⚡
✨Here is your answer✨
Borrowed rupees = 3600
Rate % = 15 %
Time = 4 years
Formula - :
Simple interest = price × rate × time ÷ 100
Simple interest = 3600 × 15 × 4 ÷ 100
Simple interest = 2160
Total ammount with intrest = 3600 + 2160
Total ammount with intrest = 5760
Farmer pay 4000 rupees with cow and clear his record.
Cow price = 5760 - 4000
Cow price = 1760
Your answer is 1760.
I hope it's helpful for you. Thank you ❤️❤️
✨Here is your answer✨
Borrowed rupees = 3600
Rate % = 15 %
Time = 4 years
Formula - :
Simple interest = price × rate × time ÷ 100
Simple interest = 3600 × 15 × 4 ÷ 100
Simple interest = 2160
Total ammount with intrest = 3600 + 2160
Total ammount with intrest = 5760
Farmer pay 4000 rupees with cow and clear his record.
Cow price = 5760 - 4000
Cow price = 1760
Your answer is 1760.
I hope it's helpful for you. Thank you ❤️❤️
haadi25:
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