Question

a farmer borrowed 60000 at 15% interest per annum from a money lender. at the end of 2 year,he cleared his account by paying rs40,000 and a cow.find the cost of the cow
ans is 38000 how?​

Answer 1

Step-by-step explanation:

intrest=15%per anum

total cost of interest=15/100×60000×2

=18000

total money paid by farmer=60000+18000

=78000

cost of the cow =78000-40000

=38000

hence showed