Question

Hari borrowed rupees 12,600 from a money lender at 15% per annum simple interest. After 3 years, he paid rupees 7,070 and gave a goat to clear his debt. What is the cost of the goat?​

Answer 1

Answer:

The cost of goat is Rs. 12093.025

Step-by-step explanation:

P = Rs 12600

R = 15 %

T = 3 years

Let the cost of goat be x

Compound amount = Rs. 7070 + x

We know that ,

$ca = p(1 + \frac{r}{100} ) {}^{t}$

$7070 + x = 12600(1 + \frac{15}{100} ) {}^{3}$

7070 + x = 19163.025

x = Rs. 12093.025

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Answer 2

Answer:

11200

Step-by-step explanation

Hari borrowings=12600

Rate of interest= 15%

Time=3yrs.

Simple interest=prt/100

12600×15×3/100. =5670

Total payable amount after 3 year=12600+5670=18270

Cost of goat=18270-7070=11200