Question

A FARMER BORROWED RS. 20000 at 14% PER ANNUM FROM A MONEY LENDER . AT THE END OF 2½ YEARS,HE CLEARED THE AMOUNT BY PAYING RS.15000 AND A COW . FIND THE COST OF THE COW.

(HINT: Amount= Rs. 15000 + Cost of a Cow)​

Answer 1

Hey friend here is your answer :

20000×14/100=2800 interest for first year

22800×14/100×1/2=1604

for half year

total money (with interest ) to pay 22800+1604=24404

paid 15000+ cow's cost

cow's cost =24404-15000

=9404

Hope this helps you !!

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