khimbdrbudha6
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Mr Gurung borrowed a loan of Rs 25000 from Mr Pandey at 12% p.a.. At the end of 3 years if he agreed to pay Rs 26300 with a goat to clear his Dept , find the cost of Goat. ​

Respuesta :

pokhrelsundar37

Answer:

The price of goat is Rs 7,700

Step-by-step explanation:

See the above attachment for better understanding.

Ver imagen pokhrelsundar37
mhanifa

Answer:

  • Rs 7700

Step-by-step explanation:

Assumed it is a simple interest.

12% interest rate for 3 years is 36%.

Add 36% to the amount of the loan:

  • 25000 + 36% =
  • 25000*1.36 =
  • 34000

The cost of the goat is the difference between the total amount and the paid:

  • 34000 - 26300 =
  • 7700

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