Question

mr gurung borrowed a loan of rs 25000 from mr pandey at 12% p.a .at the end of 3 years if he agreed to pay 26300 with a goat to clear his debt. find the cost of goat

Answer 1

➤ Given :-

Principle :- ₹ 25000

Rate of interest :- 12%

Time :- 3 years

Payable amount :- 26300

➤ To Find :-

Cost of the goat

➤ Formula required :-

${\large \tt \dashrightarrow \orange{\boxed{\tt \gray{Total \: amount - Payable \: amount}}}}$

➤ Solution :-

First, we should find the total amount of the following question

Total Amount :-

${\tt \longrightarrow \dfrac{25000 \times 12 \times 3}{100} + 25000}$

${\tt \longrightarrow \dfrac{\cancel{25000} \times 12 \times 3}{\cancel{100}} = \boxed{\tt 250 \times 12 \times 3}}$

${\tt \longrightarrow 250 \times 36 = 9000}$

${\tt \longrightarrow 9000 + 25000}$

${\tt \longrightarrow Rs \: \: 34000}$

Now,

Cost of the goat :-

${\tt \longrightarrow 34000 - 26300}$

${\tt \longrightarrow Rs \: \: 7700}$

$\Huge\therefore$ The cost of the goat is ₹ 7700.

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$\dashrightarrow$ Some related formulas :-

Simple Interest :- ${\boxed{\tt\dfrac{P \times R \times T}{100}}}$

Prinicple :- ${\boxed{\tt\dfrac{SI \times 100}{R \times T}}}$

Rate of interest :- ${\boxed{\tt\dfrac{SI \times 100}{P \times T}}}$

Time :- ${\boxed{\tt\dfrac{SI \times 100}{P \times R}}}$

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More to know :-

• Simple Interest is the extra amount to be given when a person borrows some money from a person or a bank. The person who gives money is called lender. The person who takes money is called borrower.
• Principal is the amount given at first from lender to borrower.
• Rate of interest is the extra amount to be given from borrower to lender. It is always written in percentage format.
• Time is given for the borrower to return back the given money with the given interest.

Answer 2

Answer:

-

Principle :- ₹ 25000

Rate of interest :- 12%

Time :- 3 years

Payable amount :- 26300

➤ To Find :-

Cost of the goat

➤ Formula required :-

➤ Solution :-

First, we should find the total amount of the following question

Total Amount :-

Now,

Cost of the goat :-

The cost of the goat is ₹ 770

Step-by-step explanation: