Question

b) Jhansi and her sister took a loan of Rs 21,000 to buy a log
boat. They paid back a total of Rs 23,520 in one year. How
much did they pay back every month?​

Answer 1

23520 - 21000= 2520

The total interest she paid is Rs 2520

the total principle amount she paid is Rs 21000

To fine the money paid by

them each month= 21000/12 = 1750

To find the interest paid by

them each month is = 2520/12= 210

So the total money paid by them each

month is 1750+210= 1960

Rs 1960