Question

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

Answer 1

Answer:

Answer is in 2 parts

Explanation:

To purchase seeds ,a farmer borrowed some money from a bank ,He cleared his debts by paying 4720 at the end of one and a half year .if thebamk charges interest at 12% per annum ,Find the cost of the seeds

A = Rs 4720 R = 12% p. a T = 1 ½ years = 3/2 years Recall the formula, A = P[1 + (TR/100)] = 4720[ 1 + (3 × 12)/200] = 6419.20 Hence the cost of the cow is Rs 6419.20

Answer 2

Answer:

Answer is in 2 parts

To purchase seeds ,a farmer borrowed some money from a bank ,He cleared his debts by paying 4720 at the end of one and a half year .if thebamk charges interest at 12% per annum ,Find the cost of the seeds

A = Rs 4720 R = 12% p. a T = 1 ½ years = 3/2 years Recall the formula, A = P[1 + (TR/100)] = 4720[ 1 + (3 × 12)/200] = 6419.20 Hence the cost of the cow is Rs 6419.20

Explanation:

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