a farmer borrowed rupees 15000 from a money leader at 13 % per annum simple interest at the end of 3 years his Saturdays amount after paying rupees 8000 cash and a motorcycle find the value of the motorcycle
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Answer:
Step-by-step explanation:
Farmer borrowed 15000 rupees.
P = 15000, R = 13%, Time = 3 years.
SI = PTR/100
= (15000 * 13 * 3)/100
= 5850
Amount = P + SI
= 15000 + 5850
= 20850
It is said that he paid 8000 cash.
Then,
Value of motorcycle = 20850 - 8000 = 12850
#BeBrainly
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