Shanta borrowed ₹ 12600 from a moneylender at 15% per annum simple interest .after 3 year ,he paid ₹7070 and gave a goat to claear off the debt .what is the cost of the goat
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Answered by
0
Answer:
Calculation of Amount payable with interest:
A = P(1 + rt)
A = 12600(1+( 0.15*3))
A= 12600 (1+0.45)
A= 12600*1.45
A= 18270.
Total Amount payble = 18270.
Amount paid in monetary terms = 7070
Hence, balance would be the deemed cost of the goat = 18270–7070 = 11,200.
Answered by
1
Answer:
Formula A =PTR/100
12600*3*15/100
=5670
Total Amount payable, 12600+5670=18270
Amount paid in monetary terms, 7070
Hence balance would be the deemed cost of the goat =18270-7070=11200
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