Question

2) Mira and her brother borrowed a loan of Rs. 21000 to buy new plants of grafted mango
trees. They paid back Rs. 23520 in a year. How many rupees they would have paid every
month?​

Answer 1

Answer:

Principal amount borrowed by Mira= Rs.21000

Final Amount returned in a year= Rs.23520

Interest paid by Mira= Rs.(23520-21000)= Rs2520

Amount to be paid by Mira every month= Rs.23520/12

=Rs. 1960

Therefore, Mira will have to pay Rs.1960 every month to repay her debt.

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Answer 2

Given data:

• Mira and her brother borrowed a loan of Rs. 21000 to buy new plants of grafted mango trees.

• They paid back Rs. 23520 in a year.

To find:

How many rupees they would have paid every month?

Step-by-step explanation:

Given, Mira and her brother paid back Rs. 23520 in a year.

We know that, 1 year = 12 months.

So, in 12 months, they paid Rs. 23520.

Then, in 1 month, they paid Rs. (23520 ÷ 12) = Rs. 1960.

Final Answer:

They would have paid Rs. 1960 every month.