Faizbpok a loan of Rs. 21,000 to buy log boat, He paid back a total of Rs 23,520 in one year, How much did he pay back every month
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Answered by
0
Loan = 21000
Assuming simple interest
Amount = 23520
23520 = 21000 x R x 1
Per month = 1960
Assuming simple interest
Amount = 23520
23520 = 21000 x R x 1
Per month = 1960
Answered by
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Hey buddy here is your answer :
Loan taken = Rs 21000
Amount he paid back in a year = Rs 23520
Difference = 23520 - 21000
= Rs 2520
No. of months in a year = 12
Amount paid back every month = 2520 / 12
= Rs 210
So the answer is Rs 210.
Hope it helps.
Have a good day.
Loan taken = Rs 21000
Amount he paid back in a year = Rs 23520
Difference = 23520 - 21000
= Rs 2520
No. of months in a year = 12
Amount paid back every month = 2520 / 12
= Rs 210
So the answer is Rs 210.
Hope it helps.
Have a good day.
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