Question

A farmer borrowed rs 2400 at 12% interest per annum. At the end of three years he repaid rs1200 and a cow for the balance amount. Find the cost of the cow

Answer 1

Hello Friend !!!

Principal = Rs. 2400
Rate of Interest = 12% p.a.
Time = 3 years
Simple Interest = ( 2400 x 12 x 3 ) / 100
                         = Rs. 864
Amount = Rs. 2400 + Rs. 864
              = Rs. 3264
Amount repaid by the farmer = 1200 
Cost of the cow = Rs. 2064 ( Ans )



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Answer 2

Answer is Rs. 2064 ...Hope it was correct