A farmer borrowed 4200 at 10% per annum. At the end of 5 yr he cleared his account by paying 5000 and a cow. The cost of the cow is ?

A farmer borrowed 4200 at 10% per annum. At the end of 5 yr he clear

1.	A farmer borrowed 4200 at 10% per annum. At the end of 5 yr he cleared his account by paying 5000 and a cow. The cost of the cow is ?
A.	1300
B.	1240
C.	1200
D.	1340
Answer» B. 1240

Discussion

No Comment Found

Related MCQs

A person takes a loan of Rs. 200 at 5% simple interest. He returns Rs. 100 at the end of 1 year. In order to clear his dues at the end of 2 years, he would pay:
Mr. Thomas invested an amount of Rs. 13,900 divided in two different schemes A and B at the simple interest rate of 14% p.a. and 11% p.a. respectively. If the total amount of simple interest earned in 2 years be Rs. 3508, what was the amount invested in Scheme B?
A person borrows Rs. 5000 for 2 years at 4% p.a. simple interest. He immediately lends it to another person at 6% p.a for 2 years. Find his gain in the transaction per year.
A person takes a loan of Rs. 200 at 5% simple interest. He returns Rs. 100 at the end of 1 year. In order to clear his dues at the end of 2 years, he would pay:
Mr. Thomas invested an amount of Rs. 13,900 divided in two different schemes A and B at the simple interest rate of 14% p.a. and 11% p.a. respectively. If the total amount of simple interest earned in 2 years be Rs. 3508, what was the amount invested in Scheme B?
A person borrows Rs. 5000 for 2 years at 4% p.a. simple interest. He immediately lends it to another person at 6% p.a for 2 years. Find his gain in the transaction per year.
A and B borrowed Rs. 3000 and Rs. 3200 respectively at the same rate of interest for 21 years. If B paid Rs. 40 more interest than A, find the 2 rate of interest.
In certain years a sum of money is doubled to itself at 61% simple interest per annum, 4then the required time will be
What should be the least number of years in which the simple interest on Rs. 2600 at 62% will be an exact number of rupees ?3
At a simple interest, a sum amounts to 1012 in 21/2 and becomes 1067.20 in 4 yr. What is the rate of interest

A farmer borrowed 4200 at 10% per annum. At the end of 5 yr he cleared his account by paying 5000 and a cow. The cost of the cow is ?

Discussion

No Comment Found

Related MCQs

Reply to Comment