Question

Gracy took a loan of RS. 4000 to buy a net. She paid back RS. 345 every month for 1 year. How much money did she pay back to the bank?

Answer 1

Answer:

As there is no other information regarding the repayment of the money borrowed by Gracy, the amount paid back in one year is the total amount she paid back to another bank. Hence, Gracy paid back Rs 4140 to the bank as a repayment of her loan. Note: The amount Gracy borrowed was Rs 4000 but she paid back Rs 4140.