A farmer borrowed Rs. 3600 at 15% per annum. At the end of 4 years he cleared his account by paying Rs. 4000 and a goat. The cost of the goat is :

Rs. 1000

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Rs. 1200

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Rs. 1550

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Rs. 1760

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Solution

The correct option is D Rs. 1760
SI for 4 years = $R s . (\frac{3600 \times 15 \times 4}{100}) = R s . 2160$

Amount after 4 years = Rs. (3600+2160)= Rs. 5760
Cost of goat = Rs. (5760-4000)= Rs. 1760

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A farmer borrowed Rs. 3600 at 15% per annum. At the end of 4 years he cleared his account by paying Rs. 4000 and a goat. The cost of the goat is :

The correct option is D Rs. 1760SI for 4 years = Rs.(3600×15×4100)=Rs.2160Amount after 4 years = Rs. (3600+2160)= Rs. 5760Cost of goat = Rs. (5760-4000)= Rs. 1760

The correct option is D Rs. 1760
SI for 4 years = $R s . (\frac{3600 \times 15 \times 4}{100}) = R s . 2160$

Amount after 4 years = Rs. (3600+2160)= Rs. 5760
Cost of goat = Rs. (5760-4000)= Rs. 1760