Home/Class 7/Maths/

Question and Answer

Question

A farmer borrowed \(Rs.\ 60000\) from a lender at \(8\%\) per annum, for \(2\) years. After the stipulated time he gave a cow and \(Rs.\ 66000\) to settle the account. How much price did he get for the cow?

Answer

Principal \(=Rs.\ 60000\)
Time \(=2\) years
Rate \(=8\% \) p.a.
We know that, \(S.I. =\frac{P\times R\times T}{100}\)
Simple Interest \(=Rs.\ \frac {60000\times 8\times 2}{100}=Rs.\;600\times 8\times 2=Rs.\ 9600\)
Amount \(= Principal + S.I.= Rs.\ 60000+Rs.\ 9600\)
\(=Rs.\ 69600\)
Cash paid \(=Rs.\ 66000\)
\(\therefore \) Price of cow \(=Rs.\ 69600-Rs.\ 66000\)
\(= Rs.\ 3600\)
To Keep Reading This Answer, Download the App
4.6
star pngstar pngstar pngstar pngstar png
Review from Google Play
To Keep Reading This Answer, Download the App
4.6
star pngstar pngstar pngstar pngstar png
Review from Google Play
Correct30
Incorrect0
Watch More Related Solutions
If the diagonals of a quadrilateral bisect each other at right angles, it will be a( )
A. rhombus
B. trapezium
C. rectangle
D. kite
If on a certain sum, the interest paid after \(3\) years is \(Rs.\ 450\) at \(5\% \) of interest per annum, find the sum.
The sum of the angles of a quadrilateral is ( ).
A. \(180^{\circ }\)
B. \(270^{\circ }\)
C. \(360^{\circ }\)
D. \(300^{\circ }\)
Find \(15\% \) of \(Rs.1200\)
In a square \(ABCD\), the diagonals meet at point O. The \(\Delta AOB\) is ( )
A. Isosceles triangle.
B. Equilateral triangle.
C. Isosceles triangle but not right triangle.
D. Scalene right triangle.
If you have \(Rs. \ 2400\) in your account and the interest rate is \(5\% \) per annum, after how many years would you earn \(Rs. \ 240\) as interest?
What per cent is \(250\) gram of \(4\;kg\)?
\(ABCD\) is a quadrilateral in which \(AB=5cm,CD=8cm\) and the sum of angle\( A \)and angle \(D\) is \(180^{\circ }\). What is the name of this quadrilateral?( )
A. Parallelogram
B. Trapezium
C. Rhombus
D. Can not be determined
What is the rate of interest which yields an interest of \(Rs.\ 280\) on a sum of \(Rs.\ 56000\) for \(2\) years?
Rukmini has a farm land which is triangular in shape.What is the sum of all the exterior angles taken in an order of the farm land?( )
A. \(90^{\circ }\)
B. \(180^{\circ }\)
C. \(360^{\circ }\)
D. Can not be determined

Load More