Question

Hari borrowed Rs 12600 from amoneylender at 15%per annum simple interest.After 3years.he paid Rs 7070and



















gave a goat to clar off the debt.what is the cost of goat?

Answer 1

principal = 12600

rate = 15%

time =3

simple interests=12600*15*3/100

                          =126*15*3

                          =5670

amount = si + principal

             =12600+5670

              =18270

according to question , he paid 7070 with his goat

so his cost of his goat = total amount - he paid

cost of the goat=18270-7070

cost of the goat =11200

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