Hari borrowed Rs. 126000 from a money-lender at 15% per annum simple interest,
2 answers:
Answer:
Rs. 112000
Step-by-step explanation:
- Borrowed money = Rs. 126000
- Interest rate = 15% PA simple
- Time = 3 years
<u>Hari is due to pay after 3 years:</u>
- 126000* (1+ 3*15/100) = 182700
He pays Rs. 70700, remaining money is cleared by giving buffalo.
<u>Cost of buffalo:</u>
- 182700 - 70700= Rs. 112000
<u>Answer is:</u> Rs. 112000
Answer:
Solution,
principal(P)= Rs. 126000
Rate(R)=15%
Time(T)=3 years
Money paid=Rs.70700
Cost of buffalo=?
We know that,
Interest=<u>P*T*R</u>
100
= Rs. <u>126000*3*15</u>
100
= Rs. 56700
Now,
Amount(A)=P+I
=Rs. ( 56700+126000)
= Rs.182700
Again,
by the question,
Cost of buffalo= Amount- Money paid
= Rs.(182700- 70700)
= Rs. 112000
Therefore, the cost of buffalo is Rs. 112000.
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