Question

Hari borrowed rupee 12600 from a at 15 %per annum simple interest. After 3years he paid rupees 7070 and gave to clear off the debt. What is the cost of the goat ?

Answer 1

Principle = 12600
Rate of interest per annum = 15%
Time = 3 years
S.I = PxTxR /100
=12600 x 15 x 3/100
=5670
Amount = P +S.I
=12600 + 5670
=18270
Therefore, cost of goat = 18270 - 7070
=11200