c) Seema took a loan of Rs.8596 from the bank. She pays back Rs.9286 to the bank .What amount did she pay back as interest to the bank? Seema was able to repay the loan in 2 months and she paid equal amounts in 2 months. What amount did she pay in a month?
Answers
Answer:
the answer is 690 rs in a month
Answer:
Seema took a loan of Rs 8596.
She pays back Rs 9286 to the bank
She paid the amount in 2 months and paid equal about in 2 months.
To Find:
Find the interest she paid to the bank and the amount she paid in a month.
Solution:
Seema took a loan of RS 8596
She pays back Rs 9286
Amount she paid as interest = 9286-8596= Rs 690
Simple interest = S.I=\frac{(P)(r)(t)}{100}S.I=
100
(P)(r)(t)
P = Rs 8596
r ?
t= 2 months
S.I = Rs 690
690= \frac{8596(r)(1)}{6(100)}690=
6(100)
8596(r)(1)
r = 48%
Amount paid in both the month is same.
total amount paid as an interest = 690.
Total amount paid = Rs 9286
Amount paid in 1 month = half of 9286
= Rs 4643
Amount she paid as interest = Rs 690
Amount she paid in 1 month = Rs 4643