Question

c) Ron borrowed Rs 24000 from his friend at the rate of 12% per annum for 3 years. At the end of the period, he cleared the account by paying Rs 10640 cash and giving the cow. Find the price of the cow​

Answer 1

Answer:

Step-by-step explanation:

here principal = 24000

Rate of interst = 12 per annum

time = 3 yrs

First we will calculate simple interest

SI = p*R*T/100;

24000*12*3/100

= 8640

SO Total amount To PAy at the end of 2.5 years= Principal + Simple Interest

= 8640+24000

=32640

The borrower pays 1200 and Cow.

therefore ,

10640+COst of Cow = 32640

cost of cow = 32640 - 10640

Cost of cow = 22000

Thanks You.