Question

A farmer borrowed Rs2400 at 12% p.a. simple interest. By the end of 2 ½ years he cleared his account by paying Rs1200 and a cow. Find the cost of the cow

Answer 1

$\underline{\underline{\Huge\mathfrak{Answer ;}}}$

Dear ,

Your Answer is ; Rs 1920

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Step by Step Explanation ;-
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Principal = P = Rs 2400
Rate of interest ( I ) = 12%
Time = T = 2 1/2 years = 5 /2 years
Amount = A

We know that ,
• A = P ( 1 + TR /100 )

=> 2400[ 1 + (5 × 12)/(2 × 100 )]
=> 2400 × [ ( 100 + 60 ) /200 ]
=> 2400 × 160 /200
=> A = RS 3120

• According to the problem given ;-
1200 + cost of cow = A

=> Cost of the cow = 3120 - 1200 = Rs 1920
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- Regards
@ItsDmohit

Answer 2

p=2400
r=12
t=2.5
s.i=1200



A=p+S.I
A=2400+1200
=3600