Question

A farmer borrowed rs2,400 at 12% interest per annum.At the end of three years,he repaid rs1,200 and a cow for the balance amount.find the cost of the cow

Answer 1

Answer:

Cost of cow = Rs 2064

Step-by-step explanation:

S.I.

$= \frac{2400 \times 3 \times 12}{100}$

$= rs \: 864$

Amount = Principal + Simple Intrest

Amount = Rs 864 + Rs 2400

= Rs 3264

Cost of cow = Rs 3264 - Rs 1200

= Rs 2064