Mathematics for FinancePYQ Dec 22Question 1237 of 462
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A farmer borrowed 3,600\displaystyle 3,600 at the rate of 15%\displaystyle 15\% simple interest p.a. At the end of 4\displaystyle 4 years, he cleared this account by paying 4,000\displaystyle 4,000 and a cow. The cost of the cow is:

Options

A1,000\displaystyle 1,000
B1,200\displaystyle 1,200
C1,550\displaystyle 1,550
D1,760\displaystyle 1,760
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Correct Answer

Option b1,200\displaystyle 1,200

All Options:

  • A1,000\displaystyle 1,000
  • B1,200\displaystyle 1,200
  • C1,550\displaystyle 1,550
  • D1,760\displaystyle 1,760

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