Question

10.Gracy took a loan of Rs 4000 to buy a net. She paid back Rs 345 every
month for one year. How much money did she pay back to the Bank?​

Answer 1

Answer:

Step-by-step explanation:

Amount of loan taken by Gracy   = Rs 4000

Amount of payment every month = Rs 345

We know,

1 year = 12 months

Total amount paid back to the bank in 1 year = Rs 345 × 12

                                                                        = Rs 4,140

So, Gracy paid Rs 4,140 to bank in 1 year.

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