Question

A loan of Rs.31200 is returned in three equal installment of Rs.11000 each.the total interest charged will be?

Answer 1

3 installments of ₹11,000
which is a total of ₹33,000 paid back on a a loan of ₹31,200...
which means the total interest charged is
₹33,000- ₹31,200=₹1800

Answer 2

$\textbf {Hey there, here is the solution.}$

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Loan amount = Rs 31,200 (Given)

.

Total installment paid:

1 installment = Rs 11000

3 installments = 11000 x 3 = Rs 33,000

.

Find interest:

Interest = 33,000 - 31,200 = Rs 1,800

.

Answer: The interest changed is Rs 1800

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⭐$\textbf {Cheers }$⭐