Question

paid by them.
7. A farmer borrowed * 20000 at 14% per annum from a money lender. At the end of
242 years, he cleared the amount by paying 15000 and a cow. Find the cost of the cow.
(Hint : Amount = 15000 + cost of cow)
8. Find the simple interest on 500 for six months at the rate of 2 paise per rupee per
month.
9. Ramesh opened a saving bank account on 23rd August 2017 with a deposit of * 3000.
He closed his account on 4th November 2017. If the bank paid him 8% interest, what
amount did he receive ?​

Answer 1

Answer: for Q no. 07

it's 9404

hope it helps you thanks

Step-by-step explanation:

20000×14/100=2800 interest for first year

22800×14/100×1/2=1604

for half year

total money (with interest ) to pay 22800+1604=24404

paid 15000+ cow's cost

cow's cost =24404-15000

=9404

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