Question

Hari borrowed rupees 12600 from moneyblender at 15% per annum simple interest after 3 years he paid 7070 and give a god to clear of the debt
what is the cost of Goat

Answer 1

amount of money borrowed by Hari=12600
Rate of interest =15%
Time=3 years
SI=P*R*T/100
=12600*15*3/100
=5670
Amount =P+SI
=12600+5670
=18270
Amount paid by Hari=7070
cost of the goat=18270-7070
=11200