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SSC Sample Paper SSC-CGL TIER - I Sample Test Paper-1

  • question_answer
    A farmer borrowed Rs 2,400 at 12% interest per annum. At the end of \[2\frac{1}{2}\] years he cleared his account by paying Rs 1,200 and a cow. Then the cost of cow is (in Rs):

    A)  720                 

    B)  3120

    C)  1920               

    D)  2120

    Correct Answer: C

    Solution :

     p ? Rs 2400, r - 1,2% p.a. t =\[2\frac{1}{2}\]years = \[\frac{5}{2}\]years    SI = \[\frac{p\,\,\times \,\,r\,\,\times \,\,t}{100}=\frac{2400\times 12\times 5}{2\times 100}=Rs720\] Amount = Rs (2400 + 720) = Rs 3120 Cost of cow = Amount - Cash payment = 3120 - 1200 = \[\]


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