Question

To purchase seeds, a farmer borrowed some money from a bank, He cleared his debt by paying Rs. 4720 at the end of one and a half year. If the bank charges interest of 12% per annum, find the cost of the seeds.​

Answer 1

Answer:

4000

Step-by-step explanation:

4720-x= x×12×3÷100×2

236000-50x = 9x

59x=236000

x=4000

Answer 2

Answer:

4000

Step-by-step explanation:

let the cost of seeds ( principal) be 'x'

according to the question

x*12*3/100*2 = 4720-x

9x = 236000-50x

59x=236000

x=4000