Question

A farmer borrowed Rs.60,000 at 15% interest per annum. At the end of 2 yrs he cleared his account by paying Rs. 40,000 and a cow . Find the cost of the cow

Answer 1

Step-by-step explanation:

principal=60000

rate=15%

number of years=2

interest=P×R×N/100

=60000×15×2/100

=600×15×2

=600×30

=18000

Interest=18000

Amount=P+I

=60000+18000

=78000

cows cost=amount-paying rupees

=78000-40000

=38000

cost of the cow is =38000

I hope it helps you