Question

Hari borrowed rupees 12600 from a money lender at 15% per annum simple interest after 3 years he paid rupees 7070 and gave a go to clear of the Dept what is the cost of Goat

Answer 1

$i = \frac{prt}{100} = \frac{12600 \times 15 \times 3}{100} = 126 \times 45 = 5670 \\ a = p + i = 12600 + 5670 = 18270 \\ 18270 = 7070 + x \\ x = 18270 - 7070 = 11200$